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.
Notices
Last Revised Date: 01 July 2024
Requirements on banks for preparing statements of exposures and credit facilities to related concerns.
Credit Risk
Issued pursuant to:
Banking Act 1970 section 27
and section 55
Applies to:
Full Bank (Locally Incorporated)
,
Full Bank (Branch)
,
Wholesale Bank (Branch)
,
Wholesale Bank (Locally Incorporated)
View Notice
Notice 643A Exposures and Credit Facilities to Related Concerns
(362.1 KB)
This Notice requires all banks to prepare quarterly statements of their exposures and credit facilities to related concerns as prescribed under Appendix 1 of the Notice. Please refer to the 'Resources' section below for the reporting template.
01 Jul 2024 MAS Notice 643A (Amendment) 2024 (361.4 KB) takes effect.
01 Jul 2021 MAS Notice 639A dated 6 June 2007 (77.1 KB) , its accompanying Appendix 1 (64.5 KB) and Appendix 2 (68.2 KB) are cancelled.
01 Jul 2021 MAS Notice 643A (Amendment) 2021 (362.7 KB) takes effect.
01 Oct 2020 MAS Notice 643A (Amendment) 2020 (394.7 KB) takes effect.
01 Oct 2020 MAS Notice 643A (674.5 KB) takes effect.
11 Jun 2007 MAS Notice 639A dated 06 Jun 2007 (77.1 KB) takes effect.
11 Jun 2007 MAS Notice 611 dated 11 November 2002 is cancelled.
MAS Notice 643A - Appendix 1 (Version 1.1) (46.2 KB)