Last Revised Date: 16 May 2024

Notice 1015 Minimum Liquid Assets and Liquidity Coverage Ratio

Requirements for merchant banks to comply with the minimum liquid assets (MLA) or the liquidity coverage ratio (LCR).

Issued pursuant to: Banking Act 1970 sections 55ZG(1) and 65A(2)

Update on 16 May 2024: Please refer to "Resources" section, "01 Jul 2024" row below for the revised MAS Notice 1015 and MAS Notice 1015 Form 2 dated 16 May 2024 and effective 1 July 2024.

This notice applies to all merchant banks in Singapore.

It sets out the minimum liquid assets (MLA) requirements and the liquidity coverage ratio (LCR) requirements that a merchant bank has to comply with.