Notice 656 Exposures to Single Counterparty Groups for Banks Incorporated in Singapore

Rules to measure and limit a locally-incorporated bank's exposures to a single counterparty group.

Issued pursuant to: Banking Act (Cap. 19) sections 29(1) and 65(2)

Applies to: Full Bank (Locally Incorporated) , Wholesale Bank (Locally Incorporated)

View Notice Notice 656 Exposures to Single Counterparty Groups for Banks Incorporated in Singapore (798.6 KB)

This notice applies to all locally-incorporated banks. It sets out:

Limits on exposures of a locally-incorporated bank to a single counterparty group.
Type of exposures to be included in or excluded from those limits.
Basis for computation of exposures.
Eligible credit risk mitigation techniques.
Approach for aggregation of exposures.

There are no amendment notes for this notice.

01 Oct 2020: MAS Notice 656 effective 1 October 2020 (798.6 KB) and MAS Notice 656 Reporting Template effective 1 October 2020 (57.5 KB) dated 14 August 2019 take effect.

Amendment Notes