MAS ups DBS's op risk capital number

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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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