Singapore
5 key lessons for Asian banks' BCBS 239 compliance journey
                                                                                 
                    
                    Since the BCBS 239 principles on risk data aggregation and risk reporting were published by the Basel Committee in 2013, globally systemically important banks (GSIBs) have invested significant time and budget to reach compliance. However, four years on, the great majority are still not yet fully compliant, as updated by BCBS in March 2017.
                
                                
            5 key lessons for Asian banks' BCBS 239 compliance journey
                                                                                                                 
                            
                            Since the BCBS 239 principles on risk data aggregation and risk reporting were published by the Basel Committee in 2013, globally systemically important banks (GSIBs) have invested significant time and budget to reach compliance. However, four years on, the great majority are still not yet fully compliant, as updated by BCBS in March 2017.
                        
                                                
                        
    
                    Singapore banks' wealth management income growth hits 40%
                                                                                                 
                        
                        OCBC reported the highest growth at 48%.
                    
                                        
                    
                Why private sector leverage levels are high in many APAC banking systems
                                                                                                 
                        
                        Leverage levels are particularly high in China, Hong Kong, Singapore, Korea and Vietnam.
                    
                                        
                    
                Asian banks' funding costs increase by as much as 20bps
                                                                                                 
                        
                        The end of the 'ultra-easy money era' might be coming.
                    
                                        
                    
                Weekly Global News Wrap Up: SWIFT warns banks against rising threat of digital heists; UK banks can endure 'disorderly' Brexit
                                                                                                 
                        
                        And find out what central banks think of bitcoin.
                    
                                        
                    
                Singapore banks' average net profit growth hit 6% in the first nine months of 2017
                                                                                                 
                        
                        Guess which bank had the highest income for the period.
                    
                                        
                    
                What fintech solutions do Asian banks offer to SMEs?
                                                                                                 
                        
                        For banks to truly resolve the SMEs’ pain points, they will have to do more than just offer conventional banking products and services.
                    
                                        
                    
                Bankers, this is the price of lacklustre cybersecurity (Part 2)
                                                                                                 
                        
                        The global economy could lose over US$120b.
                    
                                        
                    
                Rise of the chatbots: Here's how Singapore's big banks are adopting fintech
                                                                                                 
                        
                        54% of fintechs have focused on banks.
                    
                                        
                    
                OCBC acquires National Australian Bank's private wealth business in Hong Kong
                                                                                                 
                        
                        The move seeks to boost the bank’s mortgage and deposit books.
                    
                                        
                    
                Brace for DBS' digital takeover
                                                                                                 
                        
                        It will digitise its SME business.
                    
                                        
                    
                It's automatic: Robots assist OCBC operations
                                                                                                 
                        
                        The two work in the secured lending and finance teams.
                    
                                        
                    
                I, robot: Amy and Eve start work in UOB's digital garden of Eden
                                                                                                 
                        
                        They halved costs in the bank's wholesale banking and retail businesses.
                    
                                        
                    
                Weekly Global News Wrap Up: Why easing the US banking rules could be dangerous; Brexit-hit banks to relocate their staff by 2018
                                                                                                 
                        
                        And find out why consumers want tech firms to take on banks.
                    
                                        
                    
                Chart of the Week: Singapore banks have thin buffers of loss absorbing abilities
                                                                                                 
                        
                        There is not much to bail in at this stage.
                    
                                        
                    
                The Big Short: Asia Pacific banks still prefer bailouts to bail-ins
                                                                                                 
                        
                        Hong Kong has made the most significant advance with its bank resolution regime.
                    
                                        
                    
                Which Singapore bank showed the most improvement in its capital ratio?
                                                                                                 
                        
                        UOB beat its peers in terms of capitalisation.