'Australia, NZ, S'pore banks least risky'<\/p>\n
Agence France-Presse, Singapore<\/p>\n
Banks in Australia, New Zealand and Singapore face the least
\nrisks in the Asia-Pacific, while those in China, Indonesia and
\nVietnam are the most vulnerable, Standard and Poor's said
\nThursday.<\/p>\n
Hong Kong's banking sector was given a moderate risk profile,
\nwhile India, the Philippines and Thailand were classified as
\n\"high risk\", the ratings agency said in releasing its industry
\nand economic risk profile for the region's banking industry.<\/p>\n
The Japanese, South Korean, and Taiwanese banking sectors were
\ngiven moderate to moderately high risk profiles, followed by
\nMalaysia, which had a higher economic risk.<\/p>\n
\"Not surprisingly, the economic and industry risks of the
\nAsia-Pacific banking systems vary widely,\" said Ian Thompson,
\nmanaging director, financial services ratings.<\/p>\n
\"The banking industries in Australia, New Zealand, and
\nSingapore stand out as having the lowest risk among the Asia-
\nPacific systems, while Hong Kong is next with a moderate risk
\nprofile,\" he said in a statement.<\/p>\n
\"The banking sectors of Japan, Korea and Taiwan have better
\neconomic risk than they do industry risk and hence have moderate
\nto moderately high risk profiles. They are followed by the
\nbanking sector of Malaysia, which has higher economic risk,\" the
\nstatement said.<\/p>\n
Standard and Poor's defines economic risk in the context of a
\nbanking system as the risk level of a country's economy as it
\naffects financial institutions.<\/p>\n
It factors in the economy's strength, diversity and
\nvolatility, the financial health of the corporate and individual
\nsectors as well as the government's ability to manage the
\neconomy.<\/p>\n
The industry risk category generally gauges the dynamics of
\nthe financial service industry and to what extent they lead to
\nmore or less risk from the point of view of debt holders.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/australia-nz-spore-banks-least-risky-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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