Monetary Authority of Singapore Imposes Additional Capital Requirement on DBS Bank for Disruption of Banking Services

The Monetary Authority of Singapore (MAS) has reportedly imposed on DBS Bank Ltd (DBS Bank) an additional capital requirement, “following the widespread unavailability of DBS Bank’s digital banking services on 29 March 2023 and a subsequent disruption to its digital banking and ATM services on… Read More
Read more in: Asia, Politics, Legal & Regulation | Tagged dbs, dbs bank, digital banking, digital financial services, financial services, ho hern shin, mas, monetary authority of singapore, singapore, virtual bank