Singapore's central bank imposes additional capital requirement of RM5.35bil on DBS Bank

DBS will also need to apply a multiplier of 1.8 times to its risk-weighted assets for operational risk, up from the 1.5 times multiplier previously applied in 2022. - The Straits Times/ANN

SINGAPORE, May 5 (Reuters): The Monetary Authority of Singapore on Friday imposed additional capital requirement on DBS Bank, the banking arm of the country's largest lender DBS Group, following the disruption of its banking services in recent months.

The moves follows the widespread unavailability of the bank's digital banking services on March 29 and a subsequent disruption to its digital banking and ATM services on May 5, the Monetary Authority of Singapore (MAS) said in a statement.