MAS Amends Notice 652 on NSFR to Delay Implementation of RSF Add-On
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
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