MAS amended Notice 652 on the Net Stable Funding Ratio (NSFR) under Basel III. The amendment facilitates delay in the implementation of the Required Stable Funding (RSF) add-on for derivative liabilities, until further notice by MAS. Notice 652, with the exception of paragraph 40(d), shall take effect on January 01, 2018. Paragraph 40(d) shall take effect on a date to be specified by MAS by notice in writing, which shall be given at least 21 days before such date. Notice 652 applies to a bank in Singapore that has been notified by the Authority that it is a domestic systemically important bank (D-SIB).
Comment Due Date: January 01, 2018
Keywords: Asia Pacific, Singapore, Banking, Basel III, NSFR, RSF Add-on, Notice 652, MAS
Previous ArticleIMF Publishes Technical Notes on Bulgaria Under the 2017 FSAP
Next ArticleIAIS Newsletter for June 2017
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.