Fitch rates Singapore’s first mortgage covered bond from DBS Bank
Fitch Ratings has assigned a ‘AAA(EXP)’ rating with Stable Outlook to DBS Bank’s inaugural series of mortgage covered bonds to be issued from its programme, which complies with the requirements under the Monetary Authority of Singapore’s Notice 648. This is the first covered bond programme established in Singapore. Under this programme, DBS can periodically issue […]
MAS may delay unsecured loan cap implementation
The unsecured bank borrowing limit of 12 months’ income for consumers, which was slated to take effect in June, could kick in later. The Monetary Authority of Singapore (MAS) is reviewing the implementation timeline and details will be released early next month, said Minister for Culture, Community and Youth Lawrence Wong. He was responding to […]
