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MAS releases inaugural list of domestic systemically important banks

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The Monetary Authority of Singapore (MAS) has named Singapore's three local banks - DBS Bank, OCBC Bank and United Overseas Bank - as well as four other banks as banks that have a significant impact on the stability of the financial system and proper functioning of the broader economy.

SINGAPORE - The Monetary Authority of Singapore (MAS) has named Singapore's three local banks - DBS Bank, OCBC Bank and United Overseas Bank - as well as four other banks as banks that have a significant impact on the stability of the financial system and proper functioning of the broader economy.

Known as domestic systemically important banks (D-Sibs), the seven banks that include Citibank, Maybank, Standard Chartered and HSBC will come under additional MAS supervisory measures.

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