Last Revised Date: 21 September 2020

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)

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.

Amendment Notes

1 Oct 2020
MAS Notice 656 (Amendment) 2020 (411.9 KB) dated 21 September 2020 takes effect.

1 Oct 2020
MAS Notice 656 (Amendment) 2019 (809.8 KB) dated 13 December 2019 takes effect.