The bank, the vendor, the turrets and the golf day

After DBS switched supplier, a row broke out, raising questions about entertainment and influence

In April 2020, as the Covid-19 pandemic was surging across Europe, dealer boards on DBS’s London trading desks failed in unison during one of the busiest trading periods on record.

The entire site was down for over 24 hours before IPC, the vendor that supplied the turrets, could create a fix for the outage, according to a DBS insider, with staff resorting to calling clients and each other on their mobile phones.

For tech staff at DBS, the snafu was the latest in a series of problems involving

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here