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.
Notices
Last Revised Date: 22 May 2026
Notice 656 Exposures to Single Counterparty Groups for Banks Incorporated in Singapore
Rules to measure and limit a locally-incorporated bank's exposures to a single counterparty group.
Credit Risk
Issued pursuant to: Banking Act (Cap. 19) sections 29(1)
and 65(2)
Applies to:
Full Bank (Locally Incorporated)
,
Wholesale Bank (Locally Incorporated)
View Notice
Notice 656 Exposures to Single Counterparty Groups for Banks Incorporated in Singapore
(538.8 KB)
This notice applies to all locally-incorporated banks. It sets out:
Limits on exposures of a locally-incorporated bank to a single counterparty group.
Type of exposures to be included in or excluded from those limits.
Basis for computation of exposures.
Eligible credit risk mitigation techniques.
Approach for aggregation of exposures.
1 Jul 2026 MAS Notice 656 (Amendment) 2026 (551.3 KB) dated 22 May 2026 takes effect.
1 Jul 2024 MAS Notice 656 (Amendment) 2024 (505.9 KB) dated 3 May 2024 takes effect.
1 Jul 2021 MAS Notice 656 (Amendment) 2021 (376.9 KB) dated 14 June 2021 takes effect.
1 Oct 2020 MAS Notice 656 (Amendment) 2020 (411.9 KB) dated 21 September 2020 takes effect.
1 Oct 2020 MAS Notice 656 (Amendment) 2019 (809.8 KB) dated 13 December 2019 takes effect.
1 Oct 2020 MAS Notice 656 dated 14 August 2019 (798.6 KB) .
Reporting Template (57.5 KB)
3 May 2024 MAS Notice 656 dated 3 May 2024 (420.8 KB) .
14 Jun 2021 MAS Notice 656 dated 14 Jun 2021 (362.9 KB) .
21 Sep 2020 MAS Notice 656 dated 21 September 2020 (394.8 KB) .
Risk-based capital adequacy requirements for reporting banks incorporated in Singapore.
Proposed revisions to the regulatory framework for large exposures of Singapore-incorporated banks. The revisions take into account aspects of the “Supervisory framework for measuring and controlling large exposures” published by the Basel Committee on Banking Supervision.
Consultation number:
P001 - 2018
Start date:
03 January 2018
Closing date:
12 February 2018
MAS response date:
31 August 2018