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DBS Bank Annual Report 1998

Performance at a Glance

Financial Highlights

Letter to Shareholders

Corporate Governance

Operations Review

Financial Report





Corporate Governance

Managing Specific Risks - Operational Risk

Managing operational risk 

We attempt to mitigate operational risk by maintaining a comprehensive system of internal controls, establishing systems and procedures to monitor transactions, positions and documentation, maintaining key backup procedures, and undertaking regular contingency planning. Operational risk is the purview of the Technology and Operational Risk Committees cluster, for two reasons. First, technology is an increasingly important source of operational risk, as well as having an increasingly central role in reducing and managing operating risk. Second, forms of operational risk are generally different from the financial risks that are the focus of other Risk Management Committees.

Organisation Structure
Y2K DBS Initiative
Best Practices Guide
Managing Specific Risks

Market Risk
Credit Risk
Liquidity Risk
Operational Risk