SINGAPORE: The Monetary Authority of Singapore (MAS) has increased the additional capital requirement it has imposed upon DBS to a hefty $1.6 billion after its third service outage in 18 months that unfolded yesterday (5 May). Calling the latest service disruption “unacceptable,” the central bank’s Deputy Managing Director (Financial Supervision), Ms Ho Hern Shin, said: … Continue reading MAS hikes DBS’ additional capital requirement to hefty $1.6 billion after latest “unacceptable” service outage