WebMAS says disruption of DBS digital services unacceptable, calls for thorough probe into … WebFeb 7, 2024 · Singapore, 7 February 2024... The Monetary Authority of Singapore …
MAS impose higher capital charge on DBS for digital outages
WebMar 30, 2024 · The disruption of DBS Bank’s digital services just a little over a year after a similar incident in November 2024 is unacceptable, said the Monetary Authority of Singapore (MAS). In response to queries, MAS – the country’s financial regulator – said it takes seriously the reliability of banks’ critical IT systems, and that DBS has fallen short of … WebNov 25, 2024 · “This is a serious disruption, and MAS expects DBS to conduct a thorough investigation to identify the root causes and implement the necessary remedial measures,” said MAS’ assistant ... flax into bowstring osrs
MAS Takes Supervisory Action Against DBS Bank Ltd For
WebNov 24, 2024 · SINGAPORE: The Monetary Authority of Singapore (MAS) said on … WebMar 29, 2024 · DBS notified MAS early on Wednesday morning that its customers were experiencing difficulties logging into its digital banking services, it added. It said: “MAS has been in close contact with... WebFeb 8, 2024 · MAS imposes a $930 million capital requirement penalty on DBS In a statement on Monday, MAS said DBS would have to apply a 1.5x multiplier to its risk-weighted assets for operational risk. Source Based on DBS’ financial statements as of 30 Sep 2024, this translates to around $930 million in regulatory capital. flax is also called