Singapore to weigh actions after DBS glitch

“This is a serious disruption and MAS expects DBS to conduct a thorough investigation to identify the root causes and implement the necessary remedial measures,” Marcus Lim, assistant managing director at the Monetary Authority of Singapore (MAS), said in an emailed response to questions on Wednesday.

SINGAPORE: Singapore’s central bank says it will consider supervisory actions after DBS Group Holdings Ltd suffered one of the worst digital disruptions for South-East Asia’s biggest lender in the past decade.

“This is a serious disruption and MAS expects DBS to conduct a thorough investigation to identify the root causes and implement the necessary remedial measures,” Marcus Lim, assistant managing director at the Monetary Authority of Singapore (MAS), said in an emailed response to questions on Wednesday.