Regulatory Alerts2023-09-20
Added · Updated
PPD 10/2023: Revised MAS Notice 637 on Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore to Implement Final Basel III Reforms
MAS published the revised MAS Notice 637 on risk-based capital adequacy requirements for banks incorporated in Singapore to implement the final Basel III reforms. The publication includes responses to feedback received from four consultation papers issued between December 2020 and March 2022 covering operational risk, leverage ratio, credit risk, output floor, market risk, capital reporting, and public disclosure requirements. Banks intending to seek regulatory approval for certain rules under the revised notice are advised to engage MAS on their intended applications as soon as possible to facilitate the review process.
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