MAS Notice FHC-N637 on Risk Based Capital Adequacy Requirements

Notices

Last Revised Date: 16 May 2024

Notice FHC-N637 on Risk Based Capital Adequacy Requirements

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).

Capital Adequacy

Issued pursuant to:

Financial Holding Companies Act 2013 sections 3(1)

, 36(1)

, 37(1)

, 38(2)

and 60(1)

Applies to:

Financial Holding Company (Banking)

View Notice

Notice FHC-N637 on Risk Based Capital Adequacy Requirements

(210.2 KB)

This notice applies to all financial holding companies that have a subsidiary that is a bank incorporated in Singapore and are predominantly banking DFHCs (referred to in this Notice as an "FHC"). It sets out how Notice 637 on Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore is to apply to such FHCs, covering:

Capital adequacy ratio and leverage ratio requirements for an FHC, and the methodology and process for calculating these ratios;

Requirements for the internal capital adequacy assessment process of an FHC; and

Public disclosure requirements for an FHC in relation to its capital adequacy and risk exposures.

01 July 2024

MAS Notice FHC-N637 (210.2 KB) dated 16 May 2024 and effective 1 July 2024.

MAS Notice FHC-N637 (Amendment) 2024 (220.5 KB) dated 16 May 2024 takes effect.

01 July 2022

MAS Notice FHC-N637 (165.7 KB) dated 29 June 2022 takes effect.

Notice 637 Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore

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) on minimum liquid assets (MLA) and liquidity coverage ratio (LCR).

Risk-based capital adequacy requirements for reporting banks incorporated in Singapore.

Requirements for banks to submit external auditors' reports and additional information, and annual financial statements.

Requirements for domestic systemically important banks (D-SIBs) and internationally active banks to disclose information about their net stable funding ratio (NSFR).

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.

Requirements for specified predominantly banking designated financial holding companies (predominantly banking DFHCs) to disclose information about their net stable funding ratio (NSFR).

Requirements for specified predominantly banking designated financial holding companies (predominantly banking DFHCs) to disclose information about their liquidity coverage ratio (LCR), and information relating to their internal liquidity risk measurement and management framework.

Requirements that banks incorporated in Singapore must comply with when issuing covered bonds.

Requirements for banks holding private equity and venture capital investments.