Risk based capital adequacy requirements for financial holding companies that have a subsidiary that is a bank incorporated in Singapore and are predominantly banking designated financial holding companies (predominantly banking DFHCs).
Notice 648 Issuance of Covered Bonds by Banks Incorporated in Singapore
Requirements that banks incorporated in Singapore must comply with when issuing covered bonds.
This notice applies to all banks incorporated in Singapore. It sets out the requirements that banks have to comply with when issuing covered bonds. These include:
- Cover pool assets and encumbrance limit.
- Risk management requirements.
- Notification and other requirements.