Regulatory Alerts2023-06-08
Added
Implementation Timeline for the Final Basel III Reforms in Singapore
The Monetary Authority of Singapore issued PPD 08/2023 to establish the finalised implementation timeline for the Basel III reforms. Most revised capital adequacy requirements under MAS Notice 637 take effect on 1 July 2024, with market risk and CVA standards applying to reporting from that date and capital compliance from 1 January 2025. The output floor transitional arrangement begins on 1 July 2024 at 50% and phases in to 72.5% by 1 January 2029.
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