MAS releases Consultation Paper on Final Basel III Reforms in Singapore

The Monetary Authority of Singapore (MAS) released on Tuesday (May 7) a new Consultation Paper on the proposed implementation of Final Basel III Reforms concerning base capital requirements and leverage ratio requirements for Singapore-incorporated banks.

The proposed revisions consider the final Basel III reforms published by the Basel Committee on Banking Supervision (BCBS): “Basel III: Finalising post-crisis reforms” published in December 2017 and “Minimum capital requirements for market risk” published in January 2019. The Basel III reforms increase the robustness and comparability of risk-based capital requirements across banks.

MAS proposes to amend the base capital requirements for Singapore-incorporated banks to align with the Basel III reforms, and to implement these revisions beginning 1 January 2022.

MAS is waiting for comments from Singapore-incorporated banks and other interested parties before 8 July 2019 at

Date: 10th May 2019

To read the full paper, click here.





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