DBS App Down???

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HWZ1973

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Really force me to reset pin... But after reset ok now... Thanks to all!
 
pclow59

pclow59

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Try DBS mobile or Web page, I get this

This service is temporarily unavailable. Please try again at a later time.​

 
Godeau

Godeau

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Currently at this time, on mobile app i am experiencing slow login/logout and it detects that i don't have digital token enrolled(i do), so I'm guessing the backend having some sort of outage
 
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yuppieboy

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reddevil0728 said:
But this is not unique to DBS or even Singapore no?

that’s what central bank is for right?
Click to expand...
All I know is the latter is the governing body as well as a borrower while the former is the lender.

Can we expect the borrower to penalise the lender without any prejudice or preferential treatment?
 
reddevil0728

reddevil0728

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yuppieboy said:
All I know is the latter is the governing body as well as a borrower while the former is the lender.

Can we expect the borrower to penalise the lender without any prejudice or preferential treatment?
Click to expand...
It very much also depends on how much conspiracy theory you wish to subscribe to.

at the end of the day, if you look at it, who is the ultimate beneficiary, technically it will still be majority Singaporeans.
 
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sohguanh

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yuppieboy said:
All I know is the latter is the governing body as well as a borrower while the former is the lender.

Can we expect the borrower to penalise the lender without any prejudice or preferential treatment?
Click to expand...
When I first enter the financial world back in late 90s old birds in those era forums keep repeating this phrase left hand right hand. I don't really get what it means it seems to insinuate something. Soon I get it. I hope you get it too.
 
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sglandscape

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reddevil0728 said:
But this is not unique to DBS or even Singapore no?

that’s what central bank is for right?
Click to expand...
yuppieboy said:
All I know is the latter is the governing body as well as a borrower while the former is the lender.

Can we expect the borrower to penalise the lender without any prejudice or preferential treatment?
Click to expand...
No, that's not how it works. Please read the how MAS conduct monetary policy to better understand why MAS borrows from commercial banks.

Added the links for those who are interested

https://www.mas.gov.sg/monetary-pol...lation/how-does-mas-carry-out-monetary-policy

https://www.mas.gov.sg/-/media/MAS/...0313-Monetary-Policy-Operations-Monograph.pdf
 
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CrashWire

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sglandscape said:
yuppieboy said:
Not sure why my earlier post regarding conflict of interests was removed. Just sharing.

https://www.straitstimes.com/busine...-with-deposits-that-dbs-loaned-mas-30-billion
Click to expand...

No, that's not how it works. Please read the how MAS conduct monetary policy to better understand why MAS borrows from commercial banks.

Added the links for those who are interested

https://www.mas.gov.sg/monetary-pol...lation/how-does-mas-carry-out-monetary-policy

https://www.mas.gov.sg/-/media/MAS/...0313-Monetary-Policy-Operations-Monograph.pdf
Click to expand...
I think this is a better link:

https://www.mas.gov.sg/monetary-policy/liquidity-facilities/mas-standing-facility

The SF promotes SGD interest rate stability by setting a cap and floor on the SGD overnight interest rate, and enhances market confidence that liquidity needs will be met in times of payment gridlocks and liquidity tightness.
Click to expand...
 
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lzydata

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yuppieboy said:
All I know is the latter is the governing body as well as a borrower while the former is the lender.

Can we expect the borrower to penalise the lender without any prejudice or preferential treatment?
Click to expand...

More to the point, here is the official government response to the issue. Basically it was part of MAS's regular money market operations. It was not because MAS was hard up for money or that DBS needs to finance MAS. Surely that should be obvious.

https://www.mas.gov.sg/news/parliam...-to-parliamentary-question-on-dbs-loan-to-mas
 
reddevil0728

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sglandscape

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