MAS orders OCBC to hold additional $330m in regulatory capital over SMS phishing scams - The Straits Times

MAS will review the capital requirement when it is satisfied that OCBC has addressed all the identified deficiencies. . Read more at straitstimes.com.

SINGAPORE - The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of about $330 million on OCBC Bank, for the "deficiencies" in the bank's response to spoofed SMS ph… [+2461 chars]

full article...