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MAS penalty unlikely to derail DBS growth but sends clear signal on digital banking standards: Analysts
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Industry observers said the penalty will not hurt DBS' performance as the bank has built up ample capital.
ST PHOTO: KUA CHEE SIONG
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SINGAPORE - A central bank requirement for DBS Bank to set aside an additional $930 million in regulatory capital to guard against operational risks is unlikely to derail the bank's growth, even as it sends a clear signal for lenders to uphold high standards in digital banking, said analysts.
Industry observers told The Straits Times the penalty - the heaviest slapped on DBS so far - will not hurt its performance, as the bank has built up ample capital.
