The moves follow disruptions to the bank's digital banking services on March 29 and May 5, the Monetary Authority of Singapore said in a statement.
A DBS Group Holdings Ltd. logo atop an automated teller machine at a bank branch in Singapore, on Wednesday, Feb. 17, 2021.
"Together with the additional capital requirement imposed on DBS in February 2022, this translates to approximately 1.6 billion Singaporean dollars in total additional regulatory capital," MAS added. The additional capital requirement for DBS is now a multiple of 1.8 times to its risk weighted assets for operational risk, an increase from the multiple of 1.5 times MAS applied in February 2022 following the November 2021 disruption, according to MAS.
MAS may subsequently vary the size of the multiplier depending on the outcome of ongoing reviews, it added.
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