Regulatory Alerts2026-05-28
Added
Notice 649 Minimum Liquid Assets and Liquidity Coverage Ratio
The Monetary Authority of Singapore (MAS) Notice 649 establishes the minimum liquid assets (MLA) and liquidity coverage ratio (LCR) requirements for all banks in Singapore. These requirements apply to Full Banks (Locally Incorporated and Branch) and Wholesale Banks (Locally Incorporated and Branch), issued under sections 38(1) and 65(2) of the Banking Act 1970. The notice ensures regulated banks maintain sufficient liquidity to meet their short-term obligations and has undergone several amendments since its initial effective date in 2015.
Notices
Last Revised Date: 28 May 2026
Notice 649 Minimum Liquid Assets and Liquidity Coverage Ratio
Requirements for banks in Singapore on minimum liquid assets (MLA) and liquidity coverage ratio (LCR).
Liquidity Risk
Issued pursuant to:
Banking Act 1970 sections 38(1)
and 65(2)
Applies to:
Full Bank (Locally Incorporated)
,
Full Bank (Branch)
,
Wholesale Bank (Branch)
,
Wholesale Bank (Locally Incorporated)
View Notice
Notice 649 Minimum Liquid Assets and Liquidity Coverage Ratio
(647.4 KB)
This notice applies to all banks in Singapore.
It sets out the minimum liquid assets (MLA) requirements and liquidity coverage ratio (LCR) requirements that a bank has to comply with.
01 Sep 2026 MAS Notice 649 (Amendment) 2026 (678.4 KB) and MAS Notice 649 Form 2 (Amendment) 2026 (1.5 MB) dated 28 May 2026 take effect. MAS Notice 649 (665.1 KB) and MAS Notice 649 Form 2 (1.48 MB) effective 1 September 2026.
01 Jul 2024 MAS Notice 649 (Amendment) 2024 (653.2 KB) and MAS Notice 649 Form 2 (Amendment) 2024 (1.57 MB) dated 16 May 2024 take effect.
01 Jul 2022 MAS Notice 649 (667 KB) , MAS Notice 649 Form 1 (173.4 KB) and MAS Notice 649 Form 2 (1.61 MB) dated 24 June 2022 take effect.
01 Jul 2022 MAS Notice 649 (623.9 KB) , MAS Notice 649 Form 1 (47.3 KB) and MAS Notice 649 Form 2 (887.9 KB) dated 28 November 2014 (last revised on 27 September 2021) are cancelled.
28 Sep 2021 MAS Notice 649 (Amendment) 2021 (123.4 KB) dated 27 September 2021 takes effect.
28 Jan 2020 MAS Notice 649 (Amendment) 2020 (991.9 KB) and MAS Notice 649 Form 2 (Amendment) 2020 (888 KB) dated 22 January 2020 take effect. MAS Notice 649 (960.3 KB) , MAS Notice 649 Form 1 (47.3 KB) and MAS Notice 649 Form 2 (887.9 KB) effective 28 January 2020.
01 Oct 2019 MAS Notice 649 (Amendment) 2019 (1.11 MB) , MAS Notice 649 Form 1 (Amendment) 2019 (49 KB) and MAS Notice 649 Form 2 (Amendment) 2019 (901.2 KB) dated 07 August 2019 take effect. MAS Notice 649 (961.3 KB) , MAS Notice 649 Form 1 (47.3 KB) and MAS Notice 649 Form 2 (888 KB) effective 1 October 2019.
30 Sep 2016 MAS Notice 649 (Amendment) 2016 dated 30 September 2016 takes effect. MAS Notice 649 (722.9 KB) , MAS Notice 649 Form 1 (92.1 KB) and MAS Notice 649 Form 2 (301.2 KB) effective 30 September 2016.
01 Jan 2015 MAS Notice 649 dated 28 November 2014 takes effect.
Form 1: Assets and Liabilities by Currency and Top Depositors (173.4 KB)
Form 2: LCR, MLA, Cashflows and Available Unencumbered Liquid Assets (1.57 MB)
Risk-based capital adequacy requirements for reporting banks incorporated in Singapore.
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 domestic systemically important banks (D-SIBs) and internationally active banks on their net stable funding ratio (NSFR).
Guidelines for all financial institutions covering MAS' general approach to Islamic banking regulations.