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Oceanus^0.008-
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News - Detailed News Story

OCBC Bank

Stock Chart
Last Done 8.760
Change +0.040 (+0.46%)
Volume 7,646.6
Range 8.680 - 8.820

UOB

Stock Chart
Last Done 19.650
Change +0.070 (+0.36%)
Volume 4,626.6
Range 19.380 - 19.780

Sing Inv & Fin

Stock Chart
Last Done 1.200
Change +0.020 (+1.70%)
Volume 69
Range 1.200 - 1.210

DBS

Stock Chart
Last Done 20.850
Change +0.250 (+1.21%)
Volume 7,732
Range 20.550 - 21.150

Related News

Best risk management ingredients: policies, processes, technology, people and culture

25 Jul 2019 09:00

Mr Choo says that all OCBC employees are trained in fraud prevention and detection, along with crisis management. Mr Chan says UOB's risk culture means that even in times when it finds itself in new situations. . . its values serve as its moral and ethical compass. Mr Tan says that DBS' focus is to future-proof its people and equip them with the necessary skills and abilities to stay ahead of the curve. Mr Lee's role is to strive to balance the risk and return equation to ensure that SIF can optimise the profits within a comfortable risk appetite.

By Tay Peck Gek

BESIDES hardware and software, a strong risk culture is also vital to the business strategies of financial institutions in Singapore, the winners of the inaugural Best Risk Management award tell The Business Times.

DBS Group Holdings has moved with the times in its risk management efforts, leveraging technological tools such as analytics and automation to keep its customers' data and money safe.

However, it does not stop at the robust policies, rigorous processes or innovative technology.

Tan Teck Long, chief risk officer at DBS says: "Even with the best efforts on the technology front, we are only as good as our people. Our focus is to future-proof our people and equip them with the necessary skills and abilities to stay ahead of the curve to create better business outcomes for our customers."


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Mr Choo says that all OCBC employees are trained in fraud prevention and detection, along with crisis management. Mr Chan says UOB's risk culture means that even in times when it finds itself in new situations. . . its values serve as its moral and ethical compass. Mr Tan says that DBS' focus is to future-proof its people and equip them with the necessary skills and abilities to stay ahead of the curve. Mr Lee's role is to strive to balance the risk and return equation to ensure that SIF can optimise the profits within a comfortable risk appetite.


Mr Choo says that all OCBC employees are trained in fraud prevention and detection, along with crisis management. Mr Chan says UOB's risk culture means that even in times when it finds itself in new situations. . . its values serve as its moral and ethical compass. Mr Tan says that DBS' focus is to future-proof its people and equip them with the necessary skills and abilities to stay ahead of the curve. Mr Lee's role is to strive to balance the risk and return equation to ensure that SIF can optimise the profits within a comfortable risk appetite.


Mr Choo says that all OCBC employees are trained in fraud prevention and detection, along with crisis management. Mr Chan says UOB's risk culture means that even in times when it finds itself in new situations. . . its values serve as its moral and ethical compass. Mr Tan says that DBS' focus is to future-proof its people and equip them with the necessary skills and abilities to stay ahead of the curve. Mr Lee's role is to strive to balance the risk and return equation to ensure that SIF can optimise the profits within a comfortable risk appetite.

Source: Business Times
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