Monetary Authority of Singapore Annual Report 2012/2013

A ROBUST FINANCIAL CENTRE

Enhancing Regulatory Capital Framework for Capital Market Services Licensees

In April 2013, MAS issued revisions to the capital requirements for capital markets services licensees (CMSLs) to enhance the risk-sensitivity of the capital framework and strengthen the quality of capital of CMSLs. The revision followed a public consultation, and quantitative impact studies to assess the impact of the proposals on the industry. The enhanced capital requirements will further strengthen the ability of CMSLs to withstand the risks to which their business is subject.