December 28, 2017

MAS published amendments to disclosure requirements under MAS Notices 637, 651, and 653, along with its response to the feedback received on the proposed amendments to these notices. The revised MAS Notices 637 and 651 will take effect from December 31, 2017 while MAS Notice 653 will take effect from January 01, 2018.

MAS Notice 637 addresses risk based capital adequacy requirements for banks incorporated in Singapore, Notice 651 addresses liquidity coverage ratio (LCR) disclosures, and Notice 653 addresses Net Stable Funding Ratio (NSFR) disclosures. The amendments are in line with the revised standards on Pillar 3 disclosures under the Basel III framework, which were published by BCBS in March 2017. MAS had, in July 2017, published a consultation paper on the proposed amendments to disclosure requirements. The consultation period ended on August 07, 2017. MAS has carefully considered the feedback received and, where appropriate, has incorporated the feedback into the revised notices.

 

Effective Date: December 31, 2017 (Notices 637 and 651); January 01, 2018 (Notice 653)

Keywords: Asia Pacific, Singapore, Banking, Disclosure Requirements, Basel III, Capital Adequacy, LCR, NSFR, MAS

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