MAS releases Consultation Paper on Final Basel III Reforms in Singapore

The Monetary Authority of Singapore (MAS) released on Tuesday (May 7) a new Consultation Paper on the proposed implementation of Final Basel III Reforms concerning base capital requirements and leverage ratio requirements for Singapore-incorporated banks.

The proposed revisions consider the final Basel III reforms published by the Basel Committee on Banking Supervision (BCBS): “Basel III: Finalising post-crisis reforms” published in December 2017 and “Minimum capital requirements for market risk” published in January 2019. The Basel III reforms increase the robustness and comparability of risk-based capital requirements across banks.

MAS proposes to amend the base capital requirements for Singapore-incorporated banks to align with the Basel III reforms, and to implement these revisions beginning 1 January 2022.

MAS is waiting for comments from Singapore-incorporated banks and other interested parties before 8 July 2019 at prudential_policy_dept@mas.gov.sg.

Date: 10th May 2019

To read the full paper, click here.

GET IN TOUCH

 

 

 

Pin It on Pinterest

Contact us
close slider
Contact us
Fill up the form below to get in touch with us!
=