The MAS is proposing to implement a new liquidity framework for banks, finance companies and merchant banks whereby the existing minimum liquid assets ("MLA") framework will be replaced by the Basel III liquidity coverage ratio ("LCR") rules. The LCR rules are the minimum standard for liquidity risk endorsed by the Group of Central Bank Governors and Heads of Supervision (the "GHOS").
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MAS seeks feedback on implementation details of Basel III liquidity coverage ratio framework, which will replace existing minimum liquid assets framework
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