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S'pore banks need to maintain NSFR ratio of 100% over long term from 2018

Tuesday, July 18, 2017 - 05:50

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The aim is to ensure banks can continue to operate over 12 months during a financial crisis. The NSFR is a key reform announced by the Basel Committee on Banking Supervision in Jan 2014.

Singapore

SINGAPORE'S three biggest banks will be required to prioritise long-term funding from next year to ensure they will be stable in extended periods of market stress.

The Monetary Authority of Singapore (MAS) issued Notice 652 on July 10, which will require DBS Bank, OCBC

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