Regulatory Alerts2026-05-22
Added
Notice 656 Exposures to Single Counterparty Groups for Banks Incorporated in Singapore
The Monetary Authority of Singapore issues Notice 656 to establish rules measuring and limiting the exposures of locally-incorporated banks to single counterparty groups. The regulation defines the types of exposures included or excluded from these limits, the basis for their computation, eligible credit risk mitigation techniques, and the approach for aggregation. These requirements apply to full and wholesale locally-incorporated banks and align with the Basel Committee's supervisory framework for large exposures.
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