Singapore's MAS imposes additional capital requirement on DBS Bank
The moves follow disruptions to the bank's digital banking services on March 29 and May 5, the Monetary Authority of Singapore said in a statement.
Source: cnbc.com
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Service disruption: MAS orders DBS to set aside $1.6b as regulatory capital
SINGAPORE – A disruption to DBS Bank’s digital banking and ATM services on Friday and an earlier widespread disruption on March 29 mean the additional capital requirement it must set aside now stands at about $1.6 billion. The Monetary Authority of Singapore (MAS), in a statement on Friday night, said the capital requirement takes into account the one imposed in...
Source: asiaone.com
DBS Singapore told to set aside SGD1.6 billion by MAS after digital banking outage
DBS Singapore, one of the top banks in South Asia, has been ordered by the Monetary Authority of Singapore to make an additional provision to cover any losses following the latest outage in the bank’s digital services.
Source: connectedtoindia.com
Singapore's central bank imposes additional capital requirement of RM5.35bil on DBS Bank
The Monetary Authority of Singapore on Friday imposed additional capital requirement on DBS Bank, the banking arm of the country's largest lender DBS Group, following the disruption of its banking services in recent months.
Source: thestar.com.my
MAS ups DBS' additional capital requirement to S$1.6 billion after successive disruptions
SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement on DBS Bank in the wake of two successive service disruptions in the space of just over a month. Online banking and ATM services by Singapore's largest lender were
Source: channelnewsasia.com