Singapore – MAS introduces revised reporting standards for banks

On 17th May, the Monetary Authority of Singapore (“MAS”) issued revised Notices 610 and 1003 (the “Notices”), which set out regulatory requirements relating to the revised reporting standards for banks and merchant banks in Singapore. The Notices were published in Appendix 4 to the MAS’ response to its February 2017 consultation, and will take effect on 1 October 2020. This development is in line with the MAS’ objectives to collect data in machine-readable format and to reduce duplicate data s