Regulatory Alerts2024-05-16
Added
MAS Notice FHC-N637 on Risk Based Capital Adequacy Requirements
The Monetary Authority of Singapore issued Notice FHC-N637 to establish risk-based capital adequacy requirements for predominantly banking designated financial holding companies with Singapore-incorporated bank subsidiaries. The notice details the methodology for calculating capital adequacy and leverage ratios, mandates internal capital adequacy assessment processes, and defines public disclosure obligations regarding capital and risk exposures. These regulations, effective from 1 July 2024, are issued pursuant to the Financial Holding Companies Act 2013 to ensure financial stability within the holding company structure.
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