Regulatory Alerts2024-05-16
Added
MAS Notice FHC-N652 on Net Stable Funding Ratio
The Monetary Authority of Singapore issued Notice FHC-N652 to impose minimum all-currency net stable funding ratio requirements on predominantly banking designated financial holding companies. The regulation applies to financial holding companies with a Singapore-incorporated bank subsidiary that are either internationally active or part of a domestic systemically important bank group. This notice, effective July 1, 2024, establishes the compliance framework and reporting templates for these entities to manage their liquidity risk.
Notices
Last Revised Date: 16 May 2024
Notice FHC-N652 on Net Stable Funding Ratio
Requirements for specified predominantly banking designated financial holding companies (predominantly banking DFHCs) on their net stable funding ratio (NSFR).
Liquidity Risk
Issued pursuant to: Financial Holding Companies Act 2013 sections 38(2)
and 60(1)
Applies to:
Financial Holding Company (Banking)
View Notice
Notice FHC-N652 on Net Stable Funding Ratio
(1.95 MB)
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 an “FHC”).
It sets out the minimum all currency net stable funding ratio (NSFR) requirements that an FHC has to comply with.
01 July 2024
MAS Notice FHC-N652 (1.95 MB) dated 16 May 2024 and effective 1 July 2024.
MAS Notice FHC-N652 (Amendment) 2024 (1.96 MB) dated 16 May 2024 takes effect.
01 July 2022
MAS Notice FHC-N652 (1.99 MB) dated 29 June 2022 takes effect.
MAS Notice FHC-N652 Reporting Template (Table 4)
01 July 2024 MAS Notice FHC-N652 Reporting Template (72.2 KB) effective 1 July 2024.
01 July 2022 MAS Notice FHC-N652 Reporting Template (70.5 KB) effective 1 July 2022.
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).
Requirements for specified predominantly banking designated financial holding companies (predominantly banking DFHCs) to disclose information about their net stable funding ratio (NSFR).