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Merchant banks in Singapore will soon have to come to grips with more stringent capital requirements following the Monetary Authority of Singapore's (MAS) decision to impose Basel III liquidity rules on them.
The MAS previously launched a consultation on liquidity coverage ratio (LCR) and minimum liquid assets (MLA) requirement for merchant banks in July.
Under the framework proposed by the MAS, merchant banks chosen by the regulator as a domestic systemically import bank (D-SIB) will have to comply with the more stringent LCR framework.
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