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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.
"DBS Bank must spare no effort in dealing with the underlying issues leading to these disruptions," MAS said.
MAS and CBIRC agreed to deepen cooperation in areas such as green finance and supervisory technology at a bilateral meeting held on December 2.
Monetary Authority of Singapore, the Singaporean central bank has published papers proposing regulatory measures to reduce the risk of consumer harm from tradin
MAS proposed regulatory measures for cryptocurrency trading and stablecoins that are to be part of the Payment Services Act.