Basel III slashes $78bn in RWAs from top Singapore banks
Credit and operational risk recalibrations fuel double-digit falls at DBS, OCBC and UOB
Three Singaporean banks saw a combined S$105 billion ($78 billion) reduction in risk-weighted assets (RWAs) in the third quarter as the final Basel III rules for credit and operational risk took effect.
DBS Bank led with a 12.5% drop to S$338 billion, followed by United Overseas Bank (UOB), down 11.2% to S$252.2 billion and OCBC Bank, down 9.8% to S$227.2 billion.
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