Requirements for banks on submitting returns to MAS, including reporting forms, completion notes and submission timeframe.
Notice 612 Credit Files, Grading and Provisioning
Requirements for banks on maintaining credit files, grading credit facilities and determining credit loss allowance.
This notice applies to all banks in Singapore. It covers requirements for:
- Maintenance of credit files and the basic information required for objective credit assessment.
- Grading of credit facilities.
- Recognition of loss allowance for expected credit loss.
The notice also sets out requirements specific to locally-incorporated domestic systemically important banks (D-SIBs) in Singapore, such as a minimum level of credit loss allowances and the setting up of regulatory loss allowance reserves.