MAS published amendments to its Notice 652 and 649, along with amendments to disclosure requirements under MAS Notices 651 and 653. Additionally, MAS amended the reporting form associated with Notice 652, along with the Forms 1 and 2 associated with Notice 649. The revised notices and forms will take effect from October 01, 2019. MAS Notice 649 addresses minimum liquid assets and liquidity coverage ratio (LCR) requirements, Notice 651 addresses disclosures for LCR and internal liquidity risk measurement, Notice 652 addresses net stable funding ratio (NSFR), and Notice 653 addresses NSFR disclosures for banks in Singapore.
Notices 651, 652, and 653 apply to all domestic systemically important banks (D-SIBs) and internationally active banks while Notice 649 applies to all banks in Singapore. Notice 651 sets out requirements for a bank to disclose quantitative and qualitative information about their LCRs. It also sets out requirements for a bank to disclose information on its internal liquidity risk measurement and management framework, in addition to information to enable market participants to better understand its liquidity risk management and positions. Notice 653 sets out requirements for a bank to disclose quantitative and qualitative information about its NSFR.
Effective Date: October 01, 2019
Keywords: Asia Pacific, Singapore, Banking, LCR, NSFR, D-SIBs, Reporting, Disclosures, Liquidity Risk, Basel III, MAS
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