MAS ups DBS's op risk capital number

singapore skyline

SINGAPORE – In response to an IT outage at DBS on July 5, Singapore financial regulator the Monetary Authority of Singapore (MAS) has directed the bank to apply a multiplier of 1.2 times to its risk-weighted assets for operational risk.

This means the bank has to add a further S$230 million ($170 million) in regulatory capital for operational risk on a group basis based on numbers as at June 30. DBS’s Tier I capital and total capital adequacy ratio (CAR) as at June 30 was 13.1% and 16.5%

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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