Regulatory Alerts2024-05-16
Added
Notice FHC-N653 on Net Stable Funding Ratio Disclosure
The Monetary Authority of Singapore issued Notice FHC-N653 to mandate net stable funding ratio disclosures for specified predominantly banking designated financial holding companies. The notice applies to financial holding companies with a Singapore-incorporated bank subsidiary that are predominantly banking DFHCs and are either internationally active or part of a domestic systemically important bank group. It requires these entities to disclose both quantitative and qualitative information regarding their net stable funding ratio, with the regulation becoming effective on 1 July 2024.
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