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MAS consults on liquidity coverage ratio disclosure requirements

October 2015 - Finance. Legal Developments by Drew & Napier LLC .

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13 Oct 2015

This update discusses the Monetary Authority of Singapore’s (“MAS”) consultation paper on its proposals on liquidity coverage ratio disclosure requirements. In November 2014, MAS updated its liquidity regulations for banks. In particular, the liquidity coverage ratio (“LCR”) requirement was introduced for domestic systemically important banks in Singapore. MAS is now consulting on a set of proposed disclosure requirements to complement the LCR requirement.

The proposed LCR disclosure requirements are intended to take effect from 1 January 2016, with banks being required to comply with these disclosure requirements from the date of the first reporting period after 1 January 2016.

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