On 14 October 2023, there was an oral reply to Parliamentary Questions regarding the banking services disruption of DBS and Citibank. The disruption of these two banks’ services caused inconvenience and concern among their customers. The authorities were questioned about the reasons behind the disruption and the measures taken to resolve the issue. The disruption highlighted the importance of robust systems and infrastructure in the banking sector to ensure uninterrupted services. The authorities assured that they were working closely with the respective banks to rectify the situation and prevent similar disruptions in the future. It was emphasized that the banking sector would continue to be closely monitored to maintain the stability and reliability of banking services for customers.
HomeDIGITAL ASSETS REGULATORYsingapur_MASAddressing Questions Verbally Regarding the Banking Services Disruption at DBS and Citibank...