All posts tagged "DBS"
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1.4KCapital RegulationHKMA Support Measures and the Impact to the Banking Industry
Pierre Latrobe at Mazars discusses recent HKMA initiatives taken in response to Covid-19 and their implications for Hong Kong banks, highlighting credit risk as a growing threat.
May 13, 2020 -
734EnforcementMAS Issues Prohibition Orders Against Two Former Bank Employees
A former Barclays was deceived the bank into paying $10mn from client accounts to settle his personal debts. A further $10mn in Barclays losses came from unauthorised trading.
May 9, 2020 -
1.1KMarket InfrastructureDBS Prices Singapore’s First SORA-based Floating Rate Notes
DBS has priced the first floating-rate notes referencing SORA, identified last August as Singapore's alternative interest rate benchmark to SOR.
May 7, 2020 -
553EnforcementSingapore Police Open Probe into Renowned Oil Trader
Hin Leong Trading's founder admitted to concealing $800mn in losses from oil futures. The firm now unpaid debts of $3.85bn. Up to 23 banks are affected.
April 22, 2020 -
1.3KAML / KYCSingapore: Suspect Arrested in Covid-19 Money Laundering Case
Quick intervention by seven banks allowed enabled the recovery of more than 60% of the amount scammed in the fraudulent sale of surgical masks and hand sanitisers.
April 7, 2020 -
1.1KAML / KYCHong Kong: SME Director Pleads Guilty to Defrauding 5 Banks
DBS, HSBC, ICBC, Dah Sing Bank and Wing Hang Bank were defrauded of about HK$47.5mn in loans and banking facilities.
April 2, 2020 -
429Big PictureLow Oil Prices Amplify Asset Risks at Singapore Banks: Moody’s
The major concern for Singapore banks is the quality of loans to SMEs, which typically have lower financial flexibility and are more sensitive to operating and trade conditions.
March 17, 2020 -
1.2KContributed ArticleSingapore Banking Heads Discuss Independent Validation Function
PwC spoke to DBS's Sia Nam Chie and OCBC's Simon Lavender about the challenges they faced setting up the independent validation function for BCBS 239 compliance.
March 17, 2020 -
426Singapore
DBS Announces Relief Measures for SME, Retail Clients
Relief will be provided on SME property loans, import facilities and retail mortgage loans. The announcement comes after a DBS employee tested positive for Covid-19.
February 14, 2020 -
279Fintech / Regtech
DBS Completes First Fully Digital Trade Financing Settlement on NTP
DBS was able to cut the trade financing processing time from about a week to under one working day, yielding greater operational efficiencies for trade partners.
February 10, 2020
