Singapore's banks have 'insignificant' exposures to Credit Suisse: MAS

SINGAPORE: The exposure that Singapore banks DBS, OCBC and UOB have to troubled banking giant Credit Suisse are"insignificant", the Monetary Authority of Singapore said on Thursday .

"Banks in Singapore are well-capitalised and conduct regular stress tests against credit and other risks," said the financial authority.While Credit Suisse operates a branch in Singapore, its main activities are private banking and investment banking, said MAS, adding that it does not serve retail customers here.from the Swiss central bank after seeing its stocks in freefall on Wednesday.by more than 30 per cent at the start of trading in Zurich.

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