This notice applies to all financial holding companies that –
(a) have a subsidiary that is a bank incorporated in Singapore;
(b) are predominantly banking DFHCs; and
(c) are internationally active designated financial holding companies or are entities within a group that is designated by the Authority as a domestic systemically important bank (D-SIB),
(referred to in this Notice as an “FHC”).
It sets out the minimum all currency net stable funding ratio (NSFR) requirements that an FHC has to comply with.
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) on minimum liquid assets (MLA) and liquidity coverage ratio (LCR).