Interesting article from Bloomberg. Some snippets:
"Bad loans in Singapore rose to a six-year high in 2015. Rating firms last month placed energy and mining companies globally on review for downgrades, the Baltic index of shipping rates last week reached the lowest since its 1985 inception and Singapore home sales had the worst start to a year since 2009.
Energy firms dominated 112 global bond defaults last year, according to Standard & Poor’s, as the slowest Chinese growth in two decades helped drive prices for commodities from oil to iron ore and coal to multi-year lows."
There seems to be a lot of stress in the system at the moment, especially in certain industries like oil & gas, mining, shipping etc. Banks which have too much exposure in those area's might run into problems.
A rather positive picture for Malaysia, being grouped together with Singapore, in contrast to the other countries mentioned which have a much lower recoverability.