2025-08-25
Added
The Monetary Authority of Singapore issued this circular to acknowledge feedback received on its proposed equity counter-cyclical adjustment for insurers. The regulator confirmed that the equity CCA will be implemented effective 1 January 2026, with detailed responses to stakeholder comments available on its website. Separate responses regarding additional criteria for AT1 and Tier 2 capital instruments under the RBC 2 framework will be addressed in a subsequent paper.