Regulatory Alerts2023-09-20
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PPD 10/2023: Revised MAS Notice 637 on Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore to Implement Final Basel III Reforms
The Monetary Authority of Singapore issued PPD 10/2023 to publish the revised MAS Notice 637, which establishes risk-based capital adequacy requirements for locally incorporated banks. This regulatory update implements the final Basel III reforms by defining specific reporting schedules to be submitted via the MAS Data Collection Gateway. The circular further provides the finalized implementation timeline for these reforms to ensure compliance by full and wholesale banks.
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