House of the Year, Singapore: DBS

DBS further cements market-leading position in Singapore

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With its leading position in the Singapore dollar debt markets it is unsurprising that DBS holds a self-proclaimed "dominant" share of the related interest rate swap sector. But for Thio Tse Chong, managing director of treasury and markets at DBS in Singapore, the bank's leading position in its home market is so entrenched it can at times be problematic.

But while Thio says a less lopsided market with 10 or so players holding a roughly equal market share would be beneficial in terms of liquidity