Ensuring Banks' IT Infrastructure to Prevent Service Disruptions

3 Mr Zhulkarnain Abdul Rahim asked the Prime Minister in view that the recent disruptions of DBS and Citibank digital banking and payment services were reportedly caused by data centre failure, how does MAS plan to ensure that the banks’ IT infrastructure which is critical to banking operations have fail-safe and redundancy measures to meet with any surge in demand.

Mr Lawrence Wong (for the Prime Minister): This question has been answered in my reply to the Parliamentary Questions related to banking services disruption filed for yesterday's Sitting. [Please refer to "Costs, Lessons and Further Safeguards Arising from Recent Disruptions to Digital Banking Services", Official Report, 06 November 2023, Vol 95, Issue 115, Oral Answers to Questions section.]