DBS not among reprimanded banks

Kudos to DBS because you aren't one of the nefarious twenty banks reprimanded by the MAS.

Now the bigger picture. I am not surprised this has happened. Aren't we a financial centre? When in Rome do as Romans do. Question for our leaders is not should we but how far.  Remember BCCI? Every financial centre accepted them but Dr. Goh told them to go away. Fortunately we able to stick around long enough to see them imploded.

Surely we must stand for something more than dollars and cents?


Errata: June 15 8:20am

I made a mistake. Reading the ST (always crashing) on my iPad this morning, I discovered that DBS was among the offenders.













Update: June 15 8:20am

And now the roll of dishonor by rank. No indicator if a bank is less dishonorable than another. More a reflection of the business they are in.

And the day has arrived and by no means the last opportunity to put this up!