Singapore

WHEN it comes to risks from markets outside Singapore, the Republic's three major banks DBS, UOB and OCBC experienced more asset-quality issues in South and South-east Asia. This is compared with other regions like China or the rest of the world, a new Fitch Ratings report has found.

The global credit rating agency on Monday added that this is "not surprising" as these regions felt more volatility than other regions in the past decade. This included a fallout in the oil and gas sector which saw banks' loan quality taking a step back in 2015 to 2017.