Curb on DBS’ non-essential banking activities ends

MAS said it will closely monitor DBS’ progress on the remaining deliverables and the effectiveness of the measures implemented. — The Straits Times

SINGAPORE: The Monetary Authority of Singapore (MAS) has said it will not extend a six-month restriction on DBS Bank’s non-essential banking activities past April 30.

The pause was among penalties imposed on Nov 1 in response to disruptions to the bank’s services in 2023.