DBS Additional Capital Requirements
Banks’ tech risks intensifies as digitization ramps up: Fitch
Banks’ tech risks intensifies as digitization ramps up: Fitch
Tech failures will have significant reputational and regulatory consequences for banks.
MAS slaps S$930m additional capital requirements for DBS
This comes after the bank’s digital services went offline in November.
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1. Payment failures cost Singapore merchants $12b annually 2. Singapore's big 3 banks pivot to wealth as margins shrink 3. HSBC and HSBC Life sign Humansa MOU for HNW health planning 4. Citi targets APAC insurance investments with new senior hires 5. OCBC and Australian High Commission sign 5-year pact to boost SEA–Australia tradeResource Center
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Islamic Banking
BSN eyes retail and gold to push beyond mortgage-heavy roots
It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance