Notices
 Published Date: 29 June 2021

Notice 1016 Loss Allowance for Expected Credit Losses on Credit Exposures

Requirements for merchant banks to maintain an adequate loss allowance for expected credit losses on credit exposures.
Issued pursuant to: Banking Act (Cap. 19) section 55(1)
Applies to: Merchant Bank (Locally Incorporated) , Merchant Bank (Branch)
View Notice Notice 1016 Loss Allowance for Expected Credit Losses on Credit Exposures (100.8 KB)

This notice applies to all merchant banks in Singapore. It sets out the requirements on the recognition of loss allowance for expected credit losses.

Amendment Notes

There are no amendment notes for this notice.