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Notices
 Last Revised Date: 13 November 2018

Notice 637 Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore

Risk-based capital adequacy requirements for Reporting Banks incorporated in Singapore.

Issued pursuant to:

Banking Act (Cap. 19) sections 10(2) , 36(2) and 55

Applies to: Full Bank (Locally Incorporated) , Wholesale Bank (Locally Incorporated)
View Notice Notice 637 Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore (13.6 MB)

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

  • The capital adequacy ratio and leverage ratio requirements for a locally-incorporated bank and the methodology and process for calculating these ratios.
  • Requirements for the internal capital adequacy assessment process of a locally-incorporated bank on the adequacy of its capital to cover exposures to all risks.
  • Public disclosure requirements for a locally-incorporated bank in relation to its capital adequacy and risk exposures.
  • Data submission and disclosure requirements on the indicators for assessing the systemic importance of global banks.
 

Amendment Notes

16 Nov 2018
MAS Notice (Amendment No. 2) 2018 (2.16 MB) dated 13 November 2018 takes effect, except for amendments to Part II, X and XII relating to the implementation of the revised requirements for IRRBB which are effective from 31 December 2018, and amendments to Parts II and VI relating to requirements on TLAC holdings, Part XI, Part XIA and Schedule 1A of Part XII which are effective from 1 January 2019.
08 Oct 2018
MAS Notice 637 (Amendment) 2018 (467.7 KB) dated 5 October 2018 takes effect.
01 Jan 2018
MAS Notice 637 (Amendment No. 3) 2017 (1.96 MB) dated 28 December 2017 takes effect, except where indicated otherwise.
01 Jan 2018
MAS Notice 637 (Amendment No. 2) 2017 (2.83 MB) dated 29 November 2017 takes effect.
22 Sep 2017
MAS Notice 637 (Amendment) 2017 (147.7 KB) dated 22 September 2017 takes effect.
01 Jan 2017
MAS Notice 637 (Amendment) 2016 dated 17 October 2016 takes effect.
01 Jul 2015
MAS Notice 637 (Amendment No. 2) 2014 dated 29 December 2014 takes effect, except paragraphs 6(t), 6(u), 6(v) and 6(w) on the amendments in respect of the definition of commitment and CCFs for loans on a progressive disbursal schedule which are effective from 31 December 2015, and paragraphs 3(q), 6(x), 6(y), 6(z) and 6(dd) on the amendments in respect of the removal of structured deposits as eligible financial collateral for credit risk mitigation purposes which are effective from 1 January 2017.
01 Jan 2015
MAS Notice 637 (Amendment) 2014 dated 14 October 2014 takes effect, except paragraphs 10(a) and 10(c) on the amendments in respect of Schedule 1C, which are effective from 31 December 2015.
31 Dec 2013
MAS Notice 637 (Amendment) 2013 dated 31 December 2013 takes effect.
01 Jan 2013
MAS Notice 637 (Amendment No. 2) 2012 dated 28 December 2012 takes effect, except paragraph 3 on the amendments in respect of Schedule 1A which is effective from 31 March 2013.
01 Jan 2013
MAS Notice 637 (Amendment) 2012 dated 29 November 2012 takes effect, except where indicated otherwise.
14 Sep 2012
MAS Notice 637 dated 14 September 2012 takes effect.
14 Sep 2012
MAS Notice 637 dated 14 December 2007 is cancelled.

 

Resources

Before 1 Jan 2017
MAS Notice 637 (6.89 MB) in force immediately before 1 January 2017.
Before 1 Jan 2008
MAS Notice 637 (299.1 KB) in force immediately before 1 January 2008.