Regulatory Alerts2020-12-21
Added · Updated
MAS Notice 608 Disclosure in Financial Statements
This Notice requires all banks in Singapore to disclose the gross aggregate amount of credit facilities classified as sub-standard, doubtful, or loss under MAS Notice 612. Banks incorporated in Singapore must additionally provide geographical and industrial analyses of assets and loans, maturity analyses of loans and deposits, and supplementary capital adequacy and financial review information. Banks incorporated outside Singapore must disclose their head office capital adequacy ratio and, where applicable, information regarding the lower priority of depositors outside the home country in the event of receivership or winding up.
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