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.
Notices
Last Revised Date: 16 May 2024
Notice FHC-N653 on Net Stable Funding Ratio Disclosure
Requirements for specified predominantly banking designated financial holding companies (predominantly banking DFHCs) to disclose information about their net stable funding ratio (NSFR).
Liquidity Risk
Issued pursuant to:
Financial Holding Companies Act 2013 section 60 (1)
Applies to:
Financial Holding Company (Banking)
View Notice
Notice FHC-N653 on Net Stable Funding Ratio Disclosure
(307.5 KB)
This notice applies to all financial holding companies (FHCs) that –
(a) have a subsidiary that is a bank incorporated in Singapore; (b) are predominantly banking DFHCs; and (c) are internationally active designated financial holding companies or are entities within a group that is designated by the Authority as a domestic systemically important bank (D-SIB), (referred to in this Notice as “FHCs”, or each, an “FHC”).
It sets out requirements for an FHC to disclose quantitative and qualitative information about its net stable funding ratio (NSFR).
01 July 2024
MAS Notice FHC-N653 (307.5 KB) dated 16 May 2024 and effective 1 July 2024.
MAS Notice FHC-N653 (Amendment) 2024 (315.3 KB) dated 16 May 2024 takes effect.
01 July 2022
MAS Notice FHC-N653 (272.6 KB) dated 29 June 2022 takes effect.
Requirements for financial holding companies that have a subsidiary that is a bank incorporated in Singapore and are predominantly banking designated financial holding companies (predominantly banking DFHCs) on minimum liquid assets (MLA) and liquidity coverage ratio (LCR).
Risk based capital adequacy requirements for financial holding companies that have a subsidiary that is a bank incorporated in Singapore and are predominantly banking designated financial holding companies (predominantly banking DFHCs).
Requirements for specified predominantly banking designated financial holding companies (predominantly banking DFHCs) on their net stable funding ratio (NSFR).