DBS Bank Limited

Singaporean inflation expectation continues to ease to 4.0% despite headwinds to global growth: SInDEx - THE EDGE SINGAPORE

Singapore economy

Singaporean inflation expectation continues to ease to 4.0% despite headwinds to global growth: SInDEx

Singaporean inflation expectation continues to ease to 4.0% despite headwinds to global growth: SInDEx

Insider moves

DBS acquires 1.56 mil units in MLT for $2.35 mil

The units were bought via the market on Feb 1.
DBS’s PayLah! down for some users earlier this morning - THE EDGE SINGAPORE

Banking & finance

DBS’s PayLah! down for some users earlier this morning

As at 11.40am, services for PayLah! returned to normal.
MAS penalises Citibank, DBS and OCBC for breaches of anti-money laundering requirements - THE EDGE SINGAPORE

Anti-money laundering

MAS penalises Citibank, DBS and OCBC for breaches of anti-money laundering requirements

Breaches were identified during MAS’ investigation of the alleged involvement of Singapore-based entities in the Wirecard scandal.
MAS details information-sharing platform among banks to combat financial crime - THE EDGE SINGAPORE

Banking & finance

MAS details information-sharing platform among banks to combat financial crime

A bill proposing amendments to the Financial Services and Markets Act was read for a second time in Parliament on May 9.
Hyflux's former CEO, CFO and independent directors charged with offences under SFA and CA - THE EDGE SINGAPORE

Company in the news

Hyflux's former CEO, CFO and independent directors charged with offences under SFA and CA

DBS Bank was also probed for its role as issue manager in Hyflux's 2011 fundraising but no further action will be taken

News

DBS offers complimentary cybersecurity training for Singapore SMEs

SMEs will also be recommended suitable cyber insurance and cybersecurity solutions at the end of the programme.
MAS imposes additional capital requirement on DBS for 2-day digital services outage in Nov 2021 - THE EDGE SINGAPORE

Regulatory Action

MAS imposes additional capital requirement on DBS for 2-day digital services outage in Nov 2021

DBS Bank is required to apply a multiplier of 1.5 times to its risk-weighted assets for operational risk
DBS chief information officer Jimmy Ng is more than just 'coder in chief' - THE EDGE SINGAPORE

CXOs

DBS chief information officer Jimmy Ng is more than just 'coder in chief'

Besides deploying technology and having IT skills, how else can business leaders help enable innovation and drive growth?
Olam secures US$1 bil loan facility to finance acquisition of spice business - THE EDGE SINGAPORE

Company in the news

Olam secures US$1 bil loan facility to finance acquisition of spice business

Olam had announced the acquisition of the business on April 29.
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