Featured Product

    MAS Amends Notices on NSFR and Single Counterparty Credit Exposures

    December 13, 2019

    MAS published amendments to the Notice 652 on net stable funding ratio (NSFR) and Notice 656 on exposures to single counterparty groups for banks incorporated in Singapore. MAS Notice 652 (Amendment No. 2) 2019 reflects amendments to clarify the available stable funding factor applicable to operational deposits that are fully covered by deposit insurance. The amendments to Notice 652 shall take effect on December 31, 2019. MAS Notice 656 (Amendment) 2019 reflects amendments to clarify the scope of exemption for intraday exposures to a bank and to clarify the treatment of exposures arising from covered bonds issued by a bank or mortgage institution through a special purpose vehicle. The amendments to Notice 656 shall take effect on October 01, 2020.

    Notice 652 applies to all domestic systemically important banks, or D-SIBs, and internationally active banks. The notice sets out the minimum all currency NSFR requirements that a bank must comply with. Notice 656 applies to all locally incorporated banks and sets out the limits on exposures of a reporting bank to a single counterparty group, the types of exposures to be included in or excluded from those limits, the basis for computation of exposures, the eligible credit risk mitigation techniques, and the approach for aggregation of exposures.

     

    Effective Date: December 31, 2019 (Notice 652); October 01, 2020 (Notice 656)

    Keywords: Asia Pacific, Singapore, Banking, MAS Notice 652, MAS Notice 656, D-SIBs, NSFR, SCCL, Counterparty Credit Risk, Credit Risk, Liquidity Risk, Reporting, Basel III, MAS

    Featured Experts
    Related Articles
    News

    OSFI Discusses Benchmark Rate Transition, Sets Out Work Priorities

    The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.

    May 17, 2022 WebPage Regulatory News
    News

    EBA Proposes Standards to Support Secondary NPL Markets

    The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.

    May 17, 2022 WebPage Regulatory News
    News

    EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution

    The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).

    May 13, 2022 WebPage Regulatory News
    News

    EBA Issues Standards for Crowdfunding Service Providers Under ECSPR

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.

    May 13, 2022 WebPage Regulatory News
    News

    EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution

    The European Securities and Markets Authority (ESMA) published a paper that examines the systemic risk posed by increasing use of cloud services, along with the potential policy options to mitigate this risk.

    May 12, 2022 WebPage Regulatory News
    News

    EC Consults on PSD2 and Open Finance; EU Reaches Agreement on DORA

    The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.

    May 11, 2022 WebPage Regulatory News
    News

    EC Mandates ESAs to Propose Amendments to SFDR Technical Standards

    The European Commission (EC) has issued two letters mandating the European Supervisory Authorities (ESAs) to jointly propose amendments to the regulatory technical standards under Sustainable Finance Disclosure Regulation or SFDR.

    May 11, 2022 WebPage Regulatory News
    News

    EBA Examines Supervisory Practices, Issues Deposits Reporting Template

    The European Banking Authority (EBA) published its annual report on convergence of supervisory practices for 2021. Additionally, following a request from the European Commission (EC),

    May 11, 2022 WebPage Regulatory News
    News

    US Agency Publications Address Basel, Reporting, and CECL Developments

    The Farm Credit Administration published, in the Federal Register, the final rule on implementation of the Current Expected Credit Losses (CECL) methodology for allowances

    May 09, 2022 WebPage Regulatory News
    News

    SEC Extends Comment Period on Climate Risk Disclosures

    The U.S. Securities and Exchange Commission (SEC) looks set to intensify focus on crypto-assets and cyber risk and extended the comment period on the proposed rules to enhance and standardize climate-related disclosures for investors.

    May 09, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8185