Financial Services

Singapore: The next big step towards RBC2

Singapore: The next big step towards RBC2

While the Risk-Based-Capital (RBC) framework has served Singapore insurers well over the last 12 years, the Monetary Authority of Singapore (MAS) is...

DBS Bank's innovation in assurance: doing more, and more effectively, with less

In 2014, Jimmy Ng, the head of Group Audit at DBS Bank, implemented the bank's continuous auditing project in Singapore. A year ago, Ng had received...

Loan growth bottoms out in September

It was visibly off the bottom of -2.7% in July.

Singapore disburses $280m GST vouchers

Each eligible Singaporean will receive up to $200 additional payment.

DBS faces $1.3b loan losses

Its SME exposure is around $40b.

Singapore banks remain healthy despite bad loans: Fitch

September's buffer provision for bad loans fell to 102.7%.

DBS bad loans could spike 1.5% by end-2016

An even higher NPL ratio is expected next year.

Singapore banks won't get rid of oil slick yet

Around 18% of OCBC's on-balance-sheet loans to the offshore firms have gone sour.

OCBC's asset quality remains under threat

Exposure to oil & gas sector estimated at 6%.

More bad loans looming for UOB

NPL ratio to rise to 2.0% by end-2017.

Bank loans dip 0.8% to $603.4b in September

Lending fell for the 12th consecutive month.

DBS Private Bank names Rob Ioannou head of international

He will report to DBS Private Bank's deputy head Lawrence Lua.

Hey Siri, send my mum $500

OCBC Bank becomes the first in Asia Pacific to let customers send cash through Siri, just be careful who you lend your phone to.