Regulatory Alerts2021-06-11
Added · Updated
MAS Notice 1015 Minimum Liquid Assets and Liquidity Coverage Ratio
This notice applies to all merchant banks in Singapore, requiring them to comply with either the Minimum Liquid Assets (MLA) framework or the Liquidity Coverage Ratio (LCR) framework. Merchant banks electing the MLA option must maintain liquid assets equal to at least 16% of their qualifying liabilities in both any currency and Singapore dollars, including a minimum of Tier-1 liquid assets amounting to 8% for each currency category. Domestic systemically important banks are mandated to comply with the LCR part, while other merchant banks may choose between the two frameworks upon providing prior written notice to the Monetary Authority of Singapore.
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