MAS has finalised its Guidelines on Liquidity Risk Management for banks, merchant banks and finance companies (Banks), setting out supervisory expectations to be applied proportionately to each Bank’s activities. The guidelines, which build on MAS’ 2013 liquidity risk management guidelines applicable to all financial institutions, clarify, among other matters, when foreign Bank branches may rely on group-wide frameworks, and the treatment of liquid assets. Our Head of Financial Services Regulatory Elaine Chan and Partners Tian Sion Yoong and Chan Jia Hui highlight the key revisions made in finalising the guidelines.
Read more here.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
Elaine CHAN
Co-Head – Financial Services Regulatory
d +65 6416 8010
e elaine.chan@wongpartnership.com
Click here to view Elaine’s CV.
TIAN Sion Yoong
Partner – Financial Services Regulatory
d +65 6416 2488
e sionyoong.tian@wongpartnership.com
Click here to view Sion Yoong’s CV.
CHAN Jia Hui
Partner – Financial Services Regulatory
d +65 6416 2794
e jiahui.chan@wongpartnership.com
Click here to view Jia Hui’s CV.