Enabling Financial Institutions to Manage Pandemic Challenges

To help enable financial institutions to better focus on issues related to COVID-19, MAS will:

Adjust Capital and Liquidity Requirements for Banks

Set Accounting Loan Loss Allowances

Defer Implementation of Regulatory Reforms

Extend Report Timelines and Defer Industry Projects

Suspend On-site Inspections and Supervisory Visits

Ensure Sound Risk Management

Amendments have been made to the following Notices in view of COVID-19.

Banking

Date	Title
5 May 20	Notice 632B Residential Property Loans
5 May 20	Notice 635 Unsecured Credit Facilities to Individuals
5 May 20	Notice 642 Motor Vehicle Loans
5 May 20	Notice 645A Computation of Total Debt Servicing Ratio for Property Loans
5 May 20	Notice 1106B Residential Property Loans
5 May 20	Notice 1109 Unsecured Credit Facilities to Individuals
5 May 20	Notice 1113 Motor Vehicle Loans
5 May 20	Notice 1115A Computation of Total Debt Servicing Ratio for Property Loans
5 May 20	Notice 831A Computation of Total Debt Servicing Ratio for Property Loans
5 May 20	Notice 825B Residential Property Loans
5 May 20	Notice 827 Unsecured Credit Facilities to Individuals
7 Apr 20	Notice 652 Net Stable Funding Ratio
7 Apr 20	Notice 653 Net Stable Funding Ratio Disclosure
31 Mar 20	Notice 637 Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore

Insurance

Date	Title
5 May 20	Notice 115B Residential Property Loans
5 May 20	Notice 118 Unsecured Credit Facilities to Individuals
5 May 20	Notice 128A Computation of Total Debt Servicing Ratio for Property Loans
16 Apr 20	Notice 211 Minimum and Best Practice Training and Competency Standards for Direct General Insurers
16 Apr 20	Notice 117 Training and Competency Requirement: Health Insurance
13 Apr 20	Notice 120 Disclosure and Advisory Process Requirements For Accident and Health Insurance Products

Insurance Broker

Date	Title
16 Apr 20	Notice 502 Minimum Standards and Continuing Professional Development for Insurance Brokers and their Broking Staff
16 Apr 20	Notice 501 Quarterly Statement on Ageing of Premiums Owing to Insurers
13 Apr 20	Notice 120 Disclosure and Advisory Process Requirements For Accident and Health Insurance Products

Capital Markets Services

Date	Title
16 Apr 20	Notice SFA 04-N09 Minimum Entry and Examination Requirements for Representatives of Holders of Capital Markets Services licence and Exempt Financial Institutions under the SFA

Financial Adviser

Date	Title
16 Apr 20	Notice FAA-N20 Requirements for the Remuneration Framework for Representatives and Supervisors ("Balanced Scorecard Framework") and Independent Sales Audit Unit
16 Apr 20	Notice 117 Training and Competency Requirement: Health Insurance
13 Apr 20	Notice 120 Disclosure and Advisory Process Requirements For Accident and Health Insurance Products
8 Apr 20	Notice FAA-N13 Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers

Date	Title
4 May 20	FAQs on Offers of Units in Collective Investment Schemes (including REITs)
27 Apr 20	FAQs on Relief Measures relating to COVID-19 Situation
16 Apr 20	FAQs on Relief Measures Relating to Covid-19 Situation – General Insurance and Health examinations and Continuing Professional Development requirements
8 Apr 20	FAQs on Minimum Entry and Examination Requirements for Representatives of Capital Markets Services Licence Holders and Exempt Financial Institutions
8 Apr 20	FAQs on Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers

Date	Title
20 Apr 20	New Facility at interest rate of 0.1% to help banks and finance companies lower cost of loans to SMEs
9 Apr 20	MAS Extends Digital Bank Assessment Period in view of COVID-19 Pandemic
7 Apr 20	MAS Takes Regulatory and Supervisory Measures to Help FIs Focus on Supporting Customers
14 Feb 20	MAS Welcomes Measures by Financial Institutions to Support Customers Facing the Impact of COVID-19

If you have further queries on MAS' and the financial industry's support measures, please email webmaster@mas.gov.sg .

Overview