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Top related persons:
Piyush Gupta - 1 Ping - 1 aren’t - 1 OCBC’s - 1 Peter Seah - 1 Gupta - 1 Breakingviews - 1 he’s - 1
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SINGAPORE Monetary Authority of Singapore India Taiwan Singapore
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DBS Group - 1 HK - 1 HSBC - 1 Monetary Authority of - 1 DBS - 1 MAS - 1 Lakshmi - 1 Bank - 1

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2 mentions found


☆ Piyush Gupta: Asia’s most disrupted digital banker
  + stars: | 2023-11-02 | by ( Anshuman Daga | ) www.reuters.com   time to read: +4 min
Piyush Gupta, CEO of DBS Group (DBSM.SI) is often lauded as Asia’s top financier and has been tipped as a candidate to lead global rivals. Yet following repeated serious failures in its digital banking services, the Monetary Authority of Singapore has banned DBS from non-essential activities including M&A. It puts dividends at risk and will attract the eye of watchdogs overseas where the lender is busy expanding. On the back of record profits, Gupta earned $11.4 million last year, making him one of Asia’s highest remunerated bank CEOs. MAS will retain a multiplier of 1.8 times to DBS’ risk weighted assets for operational risk, an increase from a multiplier of 1.5 times MAS applied in February 2022.
Persons: Piyush Gupta, Ping, aren’t, OCBC’s, Peter Seah, Gupta, Breakingviews, he’s, Una Galani, Thomas Shum Organizations: Reuters, DBS Group, HK, HSBC, Monetary Authority of, DBS, MAS, Lakshmi, Bank, Monetary Authority of Singapore, Thomson Locations: SINGAPORE, Monetary Authority of Singapore, India, Taiwan, Singapore
☆ China leaves lending benchmarks unchanged amid global rates squeeze
  + stars: | 2022-09-20 | by ( Reuters Staff | ) www.reuters.com   time to read: +3 min
FILE PHOTO: People wearing face masks walk past the headquarters of Chinese central bank People's Bank of China (PBOC), April 4, 2020. The one-year loan prime rate (LPR) was kept at 3.65%, while the five-year LPR was unchanged at 4.30%. The steady LPR fixings came after the People’s Bank of China (PBOC) last week left its medium-term policy rate unchanged, while draining some liquidity from the banking system. China lending ratesThe borrowing cost of the medium-term lending facility (MLF) serves as a guide to the LPR, and markets usually use the medium-term rate as a precursor to any changes to the lending benchmarks. Marco Sun, chief financial market analyst at MUFG Bank (China), said economic indicators surprised on the upside in August.
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