Regulatory Alerts2021-06-28
Added
Notice 757 Lending of Singapore Dollar to Non-Resident Financial Institutions
The Monetary Authority of Singapore issued Notice 757 to govern the lending of Singapore dollars by banks to non-resident financial institutions. The regulation requires banks to extend credit facilities and arrange equity or bond issues for these entities while submitting monthly statistical returns on aggregate outstanding lending. This notice applies to all banks in Singapore and was last amended effective 1 July 2021.
Topics
Share