Featured Product

    MAS Amends Notices on Minimum Liquid Asset Requirements for Banks

    January 21, 2020

    MAS published amendments to Notices 1015, 613, and 649 related to the minimum liquid assets (MLA) requirements. MAS also published Form 2 associated with the Notice 649. The amendments shall take effect on January 28, 2020. MAS Notice 1015 (Amendment) 2020, MAS Notice 613 (Amendment) 2020, and MAS Notice 649 (Amendment) 2020 reflect the consequential amendments made to Notices 1015, 613, and 649, respectively, as a result of the commencement of the Payment Services Act 2019 (Act 2 of 2019) on January 28, 2020.

    Notice 1015 sets out the minimum liquid assets requirements and the liquidity coverage ratio, or LCR, requirements, is issued pursuant to section 28(4) of the MAS Act (Cap. 186), and applies to all merchant banks approved under section 28 of the MAS Act. Notice 613 sets out the minimum liquid assets requirements, is issued pursuant to section 38 of the Banking Act (Cap. 19), and applies to all banks in Singapore. Finally, Notice 649 sets out the minimum liquid assets requirements and liquidity coverage ratio requirements, is issued pursuant to sections 38 and 65 of the Banking Act (Cap. 19), and applies to all banks in Singapore. 

     

    Effective Date: January 28, 2020

    Keywords: Asia Pacific, Singapore, Banking, LCR, Merchant Banks, Reporting, Liquidity Risk, MAS Notice 649, MAS Notice 613, MAS Notice 1015, MAS

    Featured Experts
    Related Articles
    News

    EBA Publishes Final Regulatory Standards on STS Securitizations

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.

    September 20, 2022 WebPage Regulatory News
    News

    ECB Further Reviews Costs and Benefits Associated with IReF

    The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.

    September 15, 2022 WebPage Regulatory News
    News

    EBA Publishes Funding Plans Report, Receives EMAS Certification

    The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).

    September 15, 2022 WebPage Regulatory News
    News

    MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures

    The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.

    September 15, 2022 WebPage Regulatory News
    News

    BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules

    The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.

    September 15, 2022 WebPage Regulatory News
    News

    IOSCO Welcomes Work on Sustainability-Related Corporate Reporting

    The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)

    September 15, 2022 WebPage Regulatory News
    News

    BoE Allows One-Day Delay in Statistical Data Submissions by Banks

    The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.

    September 14, 2022 WebPage Regulatory News
    News

    ACPR Amends Reporting Module Timelines Under EBA Framework 3.2

    The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.

    September 14, 2022 WebPage Regulatory News
    News

    ECB Paper Discusses Disclosure of Climate Risks by Credit Agencies

    The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)

    September 13, 2022 WebPage Regulatory News
    News

    APRA to Modernize Prudential Architecture, Reduces Liquidity Facility

    The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.

    September 12, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8514