Singapore Central Bank Weighs Action Over DBS Service Glitch
- DBS’s two-day disruption is one of its worst in past decade
- Lender also suffered major technical disruption in 2010
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Singapore’s central bank said it will consider supervisory actions after DBS Group Holdings Ltd. suffered one of the worst digital disruptions for Southeast 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, said in an emailed response to questions on Wednesday. “MAS will consider appropriate supervisory actions following the investigation.”