MAS Publishes Rules on Single Counterparty Credit Limits for Banks
MAS published Notice 656 on rules to measure and limit exposures to a single counterparty group for banks incorporated in Singapore. This notice, which has been issued pursuant to the Banking Act, sets out the type of exposures to be included in or excluded from those limits, the basis for computation of exposures, the eligible credit risk mitigation techniques, and the approach for aggregation of exposures. The notice and template shall take effect on October 01, 2020.
Effective Date: October 01, 2020
Keywords: Asia Pacific, Singapore, Banking, Reporting, Credit Risk, MAS Notice 656, SCCL, Counterparty Credit Risk, Basel III, MAS
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