- has resulted in MAS imposing an additional capital requirement on the bank.
This translates to S$930 million in additional regulatory capital, said MAS on Monday . The sum is based on DBS' reported financial statements as at Sep 30, 2021. MAS said it had noted"deficiencies in DBS Bank’s incident management and recovery procedures", resulting in the"prolonged duration" of the disruption, which lasted from Nov 23 to Nov 25 last year.
Source: Financial Digest (financialdigest.net)
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