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    MAS Amends Notice 652 on NSFR to Delay Implementation of RSF Add-On

    December 20, 2017

    MAS amended Notice 652 on the Net Stable Funding Ratio (NSFR) under Basel III. The amendment facilitates delay in the implementation of the Required Stable Funding (RSF) add-on for derivative liabilities, until further notice by MAS. Notice 652, with the exception of paragraph 40(d), shall take effect on January 01, 2018. Paragraph 40(d) shall take effect on a date to be specified by MAS by notice in writing, which shall be given at least 21 days before such date. Notice 652 applies to a bank in Singapore that has been notified by the Authority that it is a domestic systemically important bank (D-SIB).

    Comment Due Date: January 01, 2018

    Keywords: Asia Pacific, Singapore, Banking, Basel III, NSFR, RSF Add-on, Notice 652, MAS

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