SG central bank imposes additional capital requirement on DBS

Photo by Kit Suman on Unsplash

The Monetary Authority of Singapore said on Monday it has imposed on DBS Bank Ltd an additional capital requirement following disruption to its digital banking services in November.

MAS has required DBS Bank to apply a multiplier of 1.5 times to its risk-weighted assets for operational risk. This translates to an additional amount of about S$930 million ($692 million) in regulatory capital.

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