The specific problems that caused the system healing delays on October 14 did not come up during the annual exercises that both banks conducted to check the recuperation of their IT systems at their backup data centers, according to Mr. Tan.
DBS Fines IMPOSED
DBS would not be permitted to make non-essential That changes or invest in new business initiatives for six months, according to MAS ‘ announcement last year.
Experts informed CNA that they were not aware of any future DBS acquisition plans. According to Mr. Thilan Wickramasinghe, head of Singapore studies at Maybank, DBS is concentrating on integrating other companies into the bank and probably has a” limited appetite” for additional mergers and acquisitions.
MAS added that DBS may continue to apply a ratio of 1.8 times to its risk-weighted assets for operational threat and keep the size of its tree and ATM networks for the time being.
In May, it was first told to do so. At that time, the ratio of 1.8 days resulted in more regulatory money, or income that must be set apart as a pilot, of about S$ 1.6 billion( US$ 1.2 billion ).
A company’s ability to invest may be constrained by a higher capital requirement.