Regulatory Alerts2024-07-01
Added
MAS Notice 643A Exposures and Credit Facilities to Related Concerns
The Monetary Authority of Singapore issued Notice 643A to require all licensed banks to prepare quarterly statements of their exposures and credit facilities to related concerns. This regulatory framework applies to full banks and wholesale banks, whether locally incorporated or branches, ensuring consistent reporting of related-party credit risks. The notice supersedes previous regulations and mandates adherence to the prescribed reporting template outlined in Appendix 1.
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