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December 28, 2017

MAS published Notice 653 that sets out requirements for a domestic systemically important bank (D-SIB) to disclose quantitative and qualitative information about its Net Stable Funding Ratio (NSFR). Annex 1 contains the NSFR disclosure template while Annex 2 contains instructions for completing the template. This Notice shall take effect on January 01, 2018. A D-SIB shall comply with this Notice from the date of the first reporting period after January 01, 2018.

A D-SIB shall publish semi-annually the information related to its NSFR in the format of the NSFR Disclosure Template 1 (quantitative information) in accordance with the instructions provided in Annex 2. It shall also publish qualitative information related to its NSFR for the purpose of facilitating market participants’ understanding of its results and the accompanying data. The Notice states that a D-SIB shall disclose both unweighted and weighted values of the NSFR components unless otherwise indicated. This Notice is issued pursuant to section 55 of the Banking Act (Cap. 19) and applies to a bank incorporated in Singapore, which has been notified by the Authority that it is a D-SIB.

 

Effective Date: January 01, 2018

Keywords: Asia Pacific, Singapore, Banking, NSFR, Disclosures, MAS Notice 653, MAS

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