Identifier
Created
Classification
Origin
06SINGAPORE1714
2006-05-26 08:44:00
UNCLASSIFIED
Embassy Singapore
Cable title:
SINGAPORE SEEKS COMMENTS ON LIQUIDITY RISK
how-toVZCZCXYZ0020 RR RUEHWEB DE RUEHGP #1714 1460844 ZNR UUUUU ZZH R 260844Z MAY 06 FM AMEMBASSY SINGAPORE TO RUEHC/SECSTATE WASHDC 0054 INFO RUCPDOC/DEPT OF COMMERCE WASHDC RUEATRS/DEPT OF TREASURY WASHDC
UNCLAS SINGAPORE 001714
SIPDIS
SIPDIS
E.O. 12958: N/A
TAGS: EFIN ECON EINV ETRD SN
SUBJECT: SINGAPORE SEEKS COMMENTS ON LIQUIDITY RISK
MANAGEMENT GUIDELINES
UNCLAS SINGAPORE 001714
SIPDIS
SIPDIS
E.O. 12958: N/A
TAGS: EFIN ECON EINV ETRD SN
SUBJECT: SINGAPORE SEEKS COMMENTS ON LIQUIDITY RISK
MANAGEMENT GUIDELINES
1. The Monetary Authority of Singapore (MAS) recently
released for public comment guidelines to revise the
liquidity risk framework for banks. Existing
regulations, in place since 2001 (under MAS Notice
613),allow banks to adopt either a "general
methodology" or a "risk-sensitive methodology,"
depending on the scope of their operations. MAS
asserts that its proposals are designed to enhance
banks' overall risk management by implementing changes
to its minimum regulatory liquidity requirements,
including an expanded range of eligible liquid assets.
2. The closing date for submission of comments is June 30,
2006. The MAS consultation paper is available at
http://www.mas.gov.sg/masmcm/upload/mm/MM_4B9 A5DC7_D606
_F5E9_67E3AEA6B42FE082__4B9A5DD7_D606_F5E9_62 AB2D8C42BC
7F9A/ConsultationPaperMAS613.pdf
Comments may be submitted by email to
liquidity@mas.gov.sg or mailed to:
Specialist Risk Supervision Department
Monetary Authority of Singapore
10 Shenton Way
MAS Building
Singapore 079117
Any inquiries may be directed to:
Gim Hoe Lim (ghlim@mas.gov.sg)
or Justina Lew (justinalew@mas.gov.sg).
HERBOLD
SIPDIS
SIPDIS
E.O. 12958: N/A
TAGS: EFIN ECON EINV ETRD SN
SUBJECT: SINGAPORE SEEKS COMMENTS ON LIQUIDITY RISK
MANAGEMENT GUIDELINES
1. The Monetary Authority of Singapore (MAS) recently
released for public comment guidelines to revise the
liquidity risk framework for banks. Existing
regulations, in place since 2001 (under MAS Notice
613),allow banks to adopt either a "general
methodology" or a "risk-sensitive methodology,"
depending on the scope of their operations. MAS
asserts that its proposals are designed to enhance
banks' overall risk management by implementing changes
to its minimum regulatory liquidity requirements,
including an expanded range of eligible liquid assets.
2. The closing date for submission of comments is June 30,
2006. The MAS consultation paper is available at
http://www.mas.gov.sg/masmcm/upload/mm/MM_4B9 A5DC7_D606
_F5E9_67E3AEA6B42FE082__4B9A5DD7_D606_F5E9_62 AB2D8C42BC
7F9A/ConsultationPaperMAS613.pdf
Comments may be submitted by email to
liquidity@mas.gov.sg or mailed to:
Specialist Risk Supervision Department
Monetary Authority of Singapore
10 Shenton Way
MAS Building
Singapore 079117
Any inquiries may be directed to:
Gim Hoe Lim (ghlim@mas.gov.sg)
or Justina Lew (justinalew@mas.gov.sg).
HERBOLD