MAS joins other regulators in delaying Basel's trading risk rules
The measures are meant to ensure the way in which trading portfolio of banks is assessed for risks is consistent
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Singapore
IN line with regulators of some other economies, the Monetary Authority of Singapore (MAS) has reportedly told lenders here that the implementation of global rules to tackle trading risks could be delayed beyond the initial start date of end-2019, Reuters reported this week, citing two unnamed sources.
According to the wire agency, MAS informed the banks of the delay to the "fundamental review of the trading book", or FRTB, in a letter last month. FRTB is in effect meant to ensure that the way in which the trading portfolio of banks is assessed for risks is consistent across jurisdictions.
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