The Monetary Authority of Singapore said DBS outage was “unacceptable” and imposes further additional capital requirement on DBS Bank for disruption of banking services.

MAS - Monetary Authority of Singapore

Source

Published on Apr. 29th, 2023 Published on Apr. 29th, 2023

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May. 4th, 2023

MSTAR scenario of the month - Anti-Competitive and Manipulative Practices

This month, the "MSTAR Bank" board discusses the "Anti-competitive and manipulative practices" scenario, covering cases such as LIBOR or FX cartel. This is an example of conduct risk addressed by a common model structure based on the breakdown of exposed income. The board will also discuss the value of a comparative assessment of controls for this type of risks. This benchmarking will be made possible by the interoperability of services on the ORX Association iDP Platform.