Credit risks for Singapore banks

Volatile market: MAS says the overall non-performing loan ratio increased to 1.5 in the third quarter of 2015 from 1.1 a year ago. – Reuters

SINGAPORE: Singapore’s central bank warned that subdued regional economic growth is posing increased credit risks for the city state’s banks, but it said the financial system remains resilient in the face of external headwinds.

Highlighting growing challenges facing global policymakers, the Monetary Authority of Singapore also cautioned that divergent monetary policies across the United States, Japan and Europe could stoke financial excesses as traders search for higher returns.