Regulatory Alerts2024-05-16
Added
MAS Notice FHC-N651 on Liquidity Coverage Ratio Disclosure
The Monetary Authority of Singapore issued Notice FHC-N651 to mandate liquidity coverage ratio disclosures for predominantly banking designated financial holding companies. The regulation requires these entities to publish both quantitative and qualitative data regarding their LCR and internal liquidity risk measurement frameworks. These requirements became effective on 1 July 2024 to enhance market transparency and understanding of liquidity risk positions.
Notices
Last Revised Date: 16 May 2024
Notice FHC-N651 on Liquidity Coverage Ratio Disclosure
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.
Liquidity Risk
Issued pursuant to:
Financial Holding Companies Act 2013 section 60(1)
Applies to:
Financial Holding Company (Banking)
View Notice
Notice FHC-N651 on Liquidity Coverage Ratio Disclosure
(292.7 KB)
This notice applies to all financial holding companies that – (a) have a subsidiary that is a bank incorporated in Singapore; (b) are predominantly banking DFHCs; and (c) are internationally active designated financial holding companies or are entities within a group that is designated by the Authority as a domestic systemically important bank (D-SIB), (referred to in this Notice as “FHCs”, or each, an “FHC”).
It sets out requirements for an FHC to disclose quantitative and qualitative information about its liquidity coverage ratio (LCR).
It also sets out requirements for an FHC 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.
01 July 2024
MAS Notice FHC-N651 (292.7 KB) dated 16 May 2024 and effective 1 July 2024.
MAS Notice FHC-N651 (Amendment) 2024 (299.5 KB) dated 16 May 2024 takes effect.
01 July 2022
MAS Notice FHC-N651 (267.2 KB) dated 29 June 2022 takes effect.
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 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).