MAS amends MLA and LCR requirements for banks in Singapore (Notice 649), effective 1 September 2026
Banks in Singapore must meet amended MLA/LCR requirements and adopt the revised Form 2 from 1 September 2026
MAS
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Change
On 28 May 2026, MAS issued Notice 649 (Amendment) 2026, revising the Minimum Liquid Assets (MLA) and Liquidity Coverage Ratio (LCR) requirements for all full and wholesale banks in Singapore, together with an amended Form 2 reporting form, effective 1 September 2026.
Why it matters
The amendment revises the MLA and LCR requirements that all banks in Singapore — full banks and wholesale banks, both locally incorporated and branch — must meet under Notice 649, issued under the Banking Act 1970. It also amends Form 2 (LCR, MLA, cashflows and available unencumbered liquid assets), so banks must report on the revised form from the effective date; Form 1 is unchanged. The amendment is dated 28 May 2026 and takes effect on 1 September 2026, and forms part of a coordinated MAS update to the liquidity-requirement notices issued the same day for merchant banks (Notice 1015) and predominantly-banking designated financial holding companies (Notice FHC-N649).
Implications
- — All banks in Singapore — full and wholesale, locally incorporated and branch — must implement the amended MLA/LCR requirements under Notice 649 by 1 September 2026, on which the prior requirements cease to apply.
- — Liquidity-risk and regulatory-reporting teams at banks must adopt the revised Form 2 (LCR, MLA, cashflows and available unencumbered liquid assets) for reporting from 1 September 2026 — submissions on the superseded Form 2 after that date are non-compliant; Form 1 is unchanged and continues to apply.
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