MAS Amends Notices on NSFR and Single Counterparty Credit Exposures

Notice 652 applies to all domestic systemically important banks, or D-SIBs, and internationally active banks. The notice sets out the minimum all currency NSFR requirements that a bank must comply with. Notice 656 applies to all locally incorporated banks and sets out the limits on exposures of a reporting bank to a single counterparty group, the types 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.

Effective Date: December 31, 2019 (Notice 652); October 01, 2020 (Notice 656)

Keywords: Asia Pacific, Singapore, Banking, MAS Notice 652, MAS Notice 656, D-SIBs, NSFR, SCCL, Counterparty Credit Risk, Credit Risk, Liquidity Risk, Reporting, Basel III, MAS