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Rising bad debt fears: MAS says local banks have adequate buffers

Friday, February 3, 2017 - 05:50

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The Monetary Authority of Singapore said on Thursday that local banks have adequate buffers in place to withstand stresses in their credit portfolio amid concerns over rising bad debts.

Singapore

THE Monetary Authority of Singapore said on Thursday that local banks have adequate buffers in place to withstand stresses in their credit portfolio amid concerns over rising bad debts.

"As part of our supervision, MAS checks banks' credit underwriting and risk management

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