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Proposed framework for systemically important banks in Singapore

September 2014 - Finance. Legal Developments by Drew & Napier LLC .

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The Monetary Authority of Singapore ("MAS") recently published a consultation paper proposing a regulatory framework for systemically important banks in Singapore. This update discusses MAS' proposals, including, an overview of the proposed regulatory framework, the assessment methodology for identifying systemically important banks in Singapore, the policy measures to be applied toward such banks and the implementation timeline for the proposed regulatory framework.