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BANKING CAUTION

MAS flags some riskier practices in bank lending here

Some banks offer working capital loans instead of trade-finance facilities and underprice the risk they take
Tuesday, March 1, 2016 - 05:50

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MAS put the risky practices down to heightened competition in a low-interest-rate environment, but noted that there has been no notable weakening of underwriting standards.

Singapore

THE Monetary Authority of Singapore (MAS) on Monday warned banks to watch their credit underwriting standards, with particular reference to shifts in trade finance.

In an MAS review that pinpointed heightened competition in a low-interest-rate environment, the central

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