Regulatory Alerts2024-05-16
Added
Notice 648 Issuance of Covered Bonds by Banks Incorporated in Singapore
The Monetary Authority of Singapore issued Notice 648 to establish regulatory requirements for locally incorporated banks issuing covered bonds. The notice mandates compliance with specific rules regarding cover pool assets, encumbrance limits, risk management frameworks, and notification obligations. These standards apply to both Full Banks and Wholesale Banks incorporated in Singapore under the Banking Act 1970.
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