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OCBC Bank reprimanded by MAS for failiure of its online and branch banking systems

The Monetary Authority of Singapore (MAS) has reprimanded OCBC Bank for the failure of the bank’s online and branch banking systems on 13 September 2011. As required by MAS, OCBC Bank has presented its findings from its investigation into the causes of the breakdown.  According to MAS’s review and analysis of the investigation reports, it established that the bank did…

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