MAS punishes Singapore’s largest bank over IT risk woes
November 15, 2023
Singapore’s financial watchdog has barred DBS Bank from any new acquisitions and plans to hold its executives accountable after a spate of IT outages.
The penalties, which threaten to put a dent on the bank’s planned projects with China’s Ant Group and JPMorgan, highlight the growing importance of ...
Singapore’s attempts to recoup $1.8bn from a money laundering scandal face an uphill battle against Asia Pacific’s fragmented legal system. In the past, cross-border efforts to reclaim stolen funds have...Read more