Analysis, Operational Resilience

MAS punishes Singapore’s largest bank over IT risk woes

By Natasha Teja
Monetary Authority of Singapore
Image via Bloomberg

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 ...

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