MAS clarifies stance on domestic systemically important banks

Chris Hamblin

15 May 2015

The document contains more detailed information than its predecessor on one of the regulator's main functions – the risk-based supervision of financial institutions. It describes the way in which the MAS’s supervisory objectives and principles shape its supervisory processes, including the way it assesses the risks that financial institutions run. The MAS’s supervisory work to address themes that affect the financial services industry as a whole is not, however, covered.

The MAS has also published its inaugural list of domestic systemically important banks or 'D-SIBs.' These are:

DBS Bank;
Oversea-Chinese Banking Corporation;
United Overseas Bank;
Citibank;
Malayan Banking Berhad;
Standard Chartered Bank; and
The Hongkong and Shanghai Banking Corporation or HSBC.