MAS proposed amendments to disclosure requirements under MAS Notices 637, 651, and 653. The proposed amendments to MAS Notices 637 and 651 are intended to take effect from December 31, 2017 unless otherwise stated, while the proposed amendments to MAS Notice 653 will take effect from January 01, 2018. Comments are due by August 07, 2017.
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 NSFR disclosures. The proposed 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 invites comments from Singapore-incorporated banks and other interested parties.
Comment Due Date: August 07, 2017
Keywords: Asia Pacific, Singapore, MAS, Banking, Disclosure Requirements, Basel III, Capital Adequacy, LCR, NSFR
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