Singapore requires its banks (OCBC, UOB, BDS) to hold significantly more capital than the global minimums. For Singaporean banks, the average core tier one ratio — the main measure of bank safety — currently stands at 14%.
StanChart: Not as solid as local banksIn Uncategorized on 25/03/2015 at 1:41 pm
StanChart has a core tier one capital ratio of 10.7% and has set a goal of 11 to 12% this year.
The higher its capital ratio, the harder it is to make money. Taz why pre-crisis Temasek and GIC were big into banks that had juz adequate capital: think Citi, Merrill Lynch, UBS and StanChart.