The update directly regulates minimum liquid assets and liquidity coverage ratios for all banks (full banks and wholesale banks) operating in Singapore, which is a core prudential supervision obligation for retail and wholesale banking entities.
Low confidence — REQUIRES HUMAN REVIEW. This is purely prudential liquidity regulation for deposit-taking banks and does not involve investment services, asset management, or client asset handling.
Specialism
The update directly addresses mandatory liquidity coverage ratio (LCR) and minimum liquid assets (MLA) requirements for banks, which are core Liquidity regulatory obligations under international standards.
Mandatory inheritance: Liquidity is a child of Prudential Standards, so Prudential Standards must be raised as the secondary tag.
2026-05-29 13:21:23·pthandapani@vixio.com
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Requirements for banks in Singapore on minimum liquid assets (MLA) and liquidity coverage ratio (LCR).
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TITLE: Singapore's Monetary Authority Updates Minimum Liquid Assets and Liquidity Coverage Ratio Requirements
BODY:
On May 28, 2026, the Monetary Authority of Singapore (MAS) issued amendments to Notice 649, which sets out minimum liquid assets (MLA) and liquidity coverage ratio (LCR) requirements for banks operating in Singapore. The amendments take effect on September 1, 2026.
Notice 649 applies to all banks in Singapore, including full banks that are locally incorporated or branches, and wholesale banks that are locally incorporated or branches. The notice establishes mandatory liquidity risk management standards pursuant to sections 38(1) and 65(2) of the Banking Act 1970. The MLA and LCR requirements ensure that banks maintain sufficient liquid assets to meet their obligations during stressed market conditions and to manage their liquidity risk effectively.
The May 28, 2026 amendments include updates to MAS Notice 649 (Amendment) 2026 and MAS Notice 649 Form 2 (Amendment) 2026. These amendments supersede the previous version effective July 1, 2024. Banks must comply with the updated requirements by the September 1, 2026 effective date. The notice requires banks to submit liquidity information using specified forms, including Form 2, which captures LCR, MLA, cashflows, and available unencumbered liquid assets data. The requirements align with international liquidity standards and support MAS's regulatory framework for managing systemic liquidity risk in Singapore's banking sector.
Banks should review the amended notice and forms to ensure compliance with the new requirements by the effective date.
**References:**
- MAS Notice 649 (Amendment) 2026
- MAS Notice 649 Form 2 (Amendment) 2026
- Banking Act 1970
Notice 649 Minimum Liquid Assets and Liquidity Coverage Ratio Decrease font size Increase font size Print this page Notices Last Revised Date: 28 May 2026 Notice 649 Minimum Liquid Assets and Liquidity Coverage Ratio Requirements for banks in Singapore on minimum liquid assets (MLA) and liquidity coverage ratio (LCR). Liquidity Risk Issued pursuant to: Banking Act 1970 sections 38(1) and 65(2) Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated) View Notice Notice 649 Minimum Liquid Assets and Liquidity Coverage Ratio (647.4 KB) This notice applies to all banks in Singapore. It sets out the minimum liquid assets (MLA) requirements and liquidity coverage ratio (LCR) requirements that a bank has to comply with. 01 Sep 2026 MAS Notice 649 (Amendment) 2026 (678.4 KB) and MAS Notice 649 Form 2 (Amendment) 2026 (1.5 MB) dated 28 May 2026 take effect. MAS Notice 649 (665.1 KB) and MAS Notice 649 Form 2 (1.48 MB) effective 1 September 2026. 01 Jul 2024 MAS Notice 649 (Amendment) 2024 (653.2 KB) and MAS Notice 649 Form 2 (Amendment) 2024 (1.57 MB) dated 16 May 2024 take effect. 01 Jul 2022 MAS Notice 649 (667 KB) , MAS Notice 649 Form 1 (173.4 KB) and MAS Notice 649 Form 2 (1.61 MB) dated 24 June 2022 take effect. 01 Jul 2022 MAS Notice 649 (623.9 KB) , MAS Notice 649 Form 1 (47.3 KB) and MAS Notice 649 Form 2 (887.9 KB) dated 28 November 2014 (last revised on 27 September 2021) are cancelled. 28 Sep 2021 MAS Notice 649 (Amendment) 2021 (123.4 KB) dated 27 September 2021 takes effect. 28 Jan 2020 MAS Notice 649 (Amendment) 2020 (991.9 KB) and MAS Notice 649 Form 2 (Amendment) 2020 (888 KB) dated 22 January 2020 take effect. MAS Notice 649 (960.3 KB) , MAS Notice 649 Form 1 (47.3 KB) and MAS Notice 649 Form 2 (887.9 KB) effective 28 January 2020. 01 Oct 2019 MAS Notice 649 (Amendment) 2019 (1.11 MB) , MAS Notice 649 Form 1 (Amendment) 2019 (49 KB) and MAS Notice 649 Form 2 (Amendment) 2019 (901.2 KB) dated 07 August 2019 take effect. MAS Notice 649 (961.3 KB) , MAS Notice 649 Form 1 (47.3 KB) and MAS Notice 649 Form 2 (888 KB) effective 1 October 2019. 30 Sep 2016 MAS Notice 649 (Amendment) 2016 dated 30 September 2016 takes effect. MAS Notice 649 (722.9 KB) , MAS Notice 649 Form 1 (92.1 KB) and MAS Notice 649 Form 2 (301.2 KB) effective 30 September 2016. 01 Jan 2015 MAS Notice 649 dated 28 November 2014 takes effect. Form 1: Assets and Liabilities by Currency and Top Depositors (173.4 KB) Form 2: LCR, MLA, Cashflows and Available Unencumbered Liquid Assets (1.57 MB) Risk-based capital adequacy requirements for reporting banks incorporated in Singapore. Requirements for domestic systemically important banks (D-SIBs) and internationally active banks to disclose information about their net stable funding ratio (NSFR). Requirements for domestic systemically important banks (D-SIBs) and internationally active banks to disclose information about their liquidity coverage ratio (LCR), and information relating to their internal liquidity risk measurement and management framework. Requirements for domestic systemically important banks (D-SIBs) and internationally active banks on their net stable funding ratio (NSFR). Guidelines for all financial institutions covering MAS' general approach to Islamic banking regulations.