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MAS censures DBS

The Monetary Authority of Singapore (MAS) today (August 4) censured DBS Bank for the technology failure that occurred on 5 July 2010. The failure affected ATM machines and the firm’s online banking, among other services. The MAS has required DBS Bank to apply a multiplier of 1.2 times to its risk-weighted assets for operational risk, which translates to the bank…

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