Regulatory Alerts2022-06-29
Added · Updated
Notice FHC-N649 on Minimum Liquid Assets and Liquidity Coverage Ratio
This Notice establishes Minimum Liquid Assets and Liquidity Coverage Ratio requirements for Financial Holding Companies with predominantly banking subsidiaries in Singapore. It defines qualifying liabilities and approved liquid assets, including specific credit rating thresholds and haircuts for valuation. The document mandates consolidated compliance at the group level and outlines procedures for choosing between the MLA and LCR frameworks, including transition provisions for assets acquired before May 2026.
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