SingTel fire: banks look for answers, not damages

[SINGAPORE] Even as SingTel launches an independent board committee of inquiry to look into last week's fire, two banks - DBS and OCBC - will not be seeking compensation for the resulting service disruptions.

According to OCBC's head of group technology services, Eugene Lau, no compensation is being sought as the impact on OCBC was minimal, because of how the bank has designed its network.

UOB, which had two branches affected by the service disruption last week, declined to comment on the matter of compensation yesterday.