MAS is amending Notice 637 on risk-based capital adequacy requirements for banks incorporated in Singapore. This new Notice is issued pursuant to sections 10(2), 36(2), and 55 of the Banking Act (Cap. 19) and amends MAS Notice 637 dated September 14, 2012 and last revised on October 17, 2016. MAS is amending Parts IV, V, and XII of the Notice 637 and these amendments are related to capital floor requirements for banks using internal models approaches. The changes become effective immediately.
Effective Date: September 22, 2017
Keywords: Asia Pacific, Singapore, Banking, MAS Notice 637, Capital Adequacy, Basel III, MAS
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