Regulatory Alerts2024-07-01
Added
MAS Notice 651 Liquidity Coverage Ratio Disclosure
The Monetary Authority of Singapore issued Notice 651 to mandate domestic systemically important and internationally active banks to disclose quantitative and qualitative information regarding their liquidity coverage ratio. The regulation requires these institutions to reveal details about their internal liquidity risk measurement and management frameworks to enhance market transparency. These disclosure obligations apply to full banks and wholesale banks incorporated locally in Singapore and became effective on 1 July 2024.
Notices
Last Revised Date: 01 July 2024
Notice 651 Liquidity Coverage Ratio Disclosure
Requirements for domestic systemically important banks (D-SIBs) and internationally active banks to disclose information about their liquidity coverage ratio (LCR), and information relating to their internal liquidity risk measurement and management framework.
Liquidity Risk
Issued pursuant to:
Banking Act 1970 section 10B(1)
Applies to:
Full Bank (Locally Incorporated)
,
Wholesale Bank (Locally Incorporated)
View Notice
Notice 651 Liquidity Coverage Ratio Disclosure
(301.3 KB)
This notice applies to all domestic systemically important banks (D-SIBs) and internationally active banks.
It sets out requirements for a bank to disclose quantitative and qualitative information about their liquidity coverage ratio (LCR).
It also sets out requirements for a bank to disclose information relating to its internal liquidity risk measurement and management framework, as well as information to enable market participants to better understand its liquidity risk management and positions.
1 Jul 2024 MAS Notice 651 (301.3 KB)
dated 16 May 2024 and effective 1 July 2024.
MAS Notice 651 Amendment 2024 (305.6 KB) dated 16 May 2024 takes effect.
1 Jul 2022 MAS Notice 651 (291.6 KB) dated 24 June 2022 takes effect.
1 Jul 2022 MAS Notice 651 (714.4 KB) dated 14 December 2015 (last revised on 7 August 2019) is cancelled.
1 Oct 2019 MAS Notice 651 Amendment 2019 (614.5 KB) dated 7 August 2019 takes effect from 1 October 2019.
31 Dec 2017 MAS Notice 651 Amendment 2017 (485.3 KB) dated 28 December 2017 takes effect. MAS Notice 651 (407.6 KB) effective 31 December 2017.
1 Jan 2016 MAS Notice 651 (388.3 KB) dated 14 December 2015 takes effect.
Requirements for banks in Singapore on minimum liquid assets (MLA) and liquidity coverage ratio (LCR).
Risk based capital adequacy requirements for financial holding companies that have a subsidiary that is a bank incorporated in Singapore and are predominantly banking designated financial holding companies (predominantly banking DFHCs).