Regulatory Alerts2011-04-13
Added
Notice 806 Minimum Cash Balances and Minimum Liquid Assets
The Monetary Authority of Singapore issued Notice 806 to establish liquidity risk requirements for all finance companies regarding minimum cash balances and minimum liquid assets. The regulation mandates the maintenance of specific reserves with the MAS and defines the composition of the liabilities base used for these calculations. It further specifies the treatment of Singapore Government Securities held under reverse repurchase agreements and outlines the methodology for computing eligible liabilities over a two-week period.
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