SIN MAS Net Stable Funding Ratio Requirements

Published on: Oct 12, 2026

On Oct. 8, SIN MAS revised net stable funding ratio requirements.

  • SIN MAS revised MAS NOTICE 652 NET STABLE FUNDING RATIO (“NSFR”) and Notice FHC-N652 on Net Stable Funding Ratio.
  • Follows SIN MAS May 2026 revised notices on MLA and LCR requirements, #299942.
  • Also follows SIN MAS May 2024 issued Notice 652 on NSFR for D-SIBs, #185315.
  • Notice 652
  • Notice 652 applies to all domestic systemically important banks (D-SIBs) and internationally active banks; tracked changes versions of the notice is also available.
  • Amendments update the scope of eligible high quality liquid assets (HQLA) and make other revisions to align with amendments to Notice 649 dated May 28, 2026.
  • Notice FHC-N642
  • Notice FHC-N652 applies to predominantly banking designated financial holding companies (DFHCs) with a Singapore-incorporated bank subsidiary that are internationally active or belong to a D-SIB group.
  • Amendments address group consolidation, qualifying operational deposits and the scope of eligible HQLA.
  • A tracked-changes version is available.
  • Effectiveness
  • Revisions are effective Nov. 1, 2026.
Regulators
SIN MAS
Entity Types
Bank; SIFI
Reference
Nt 652, FHC-N642, 10/8/2026; Citation: Notice 652; Notice FHC-N652;
Functions
Compliance; Financial; Reporting; Risk; Treasury
Countries
Singapore
Category
State
N/A
Products
Banking; Deposits
Rule Type
Final
Regions
AP
Rule Date
Oct 8, 2026
Effective Date
Nov 1, 2026
Rule ID
315548
Linked to
Reg. Last Update
Oct 8, 2026
Report Section
International