MAS published amendments to its Notice 652 and 649, along with amendments to disclosure requirements under MAS Notices 651 and 653. Additionally, MAS amended the reporting form associated with Notice 652, along with the Forms 1 and 2 associated with Notice 649. The revised notices and forms will take effect from October 01, 2019. MAS Notice 649 addresses minimum liquid assets and liquidity coverage ratio (LCR) requirements, Notice 651 addresses disclosures for LCR and internal liquidity risk measurement, Notice 652 addresses net stable funding ratio (NSFR), and Notice 653 addresses NSFR disclosures for banks in Singapore.
Notices 651, 652, and 653 apply to all domestic systemically important banks (D-SIBs) and internationally active banks while Notice 649 applies to all banks in Singapore. Notice 651 sets out requirements for a bank to disclose quantitative and qualitative information about their LCRs. It also sets out requirements for a bank to disclose information on its internal liquidity risk measurement and management framework, in addition to information to enable market participants to better understand its liquidity risk management and positions. Notice 653 sets out requirements for a bank to disclose quantitative and qualitative information about its NSFR.
Effective Date: October 01, 2019
Keywords: Asia Pacific, Singapore, Banking, LCR, NSFR, D-SIBs, Reporting, Disclosures, Liquidity Risk, Basel III, MAS
Previous ArticlePRA Releases PRA110 LMM Tool Under Pillar 2 Liquidity Framework
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
The European Insurance and Occupational Pensions Authority (EIOPA) published a report assessing insurers' exposure to physical climate change risks
The European Commission (EC) published the results of a public consultation, held in October 2021, on the review of the Web Accessibility Directive.
The Network for Greening the Financial System (NGFS) published two reports to aid central banks and regulators in their oversight of the financial sector and in their central bank operations
The Monetary Authority of Singapore (MAS) and the SC-STS are jointly consulting, until June 10, 2022, on setting adjustment spreads for the conversion of legacy SOR contracts to SORA reference rate.
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.