The Monetary Authority of Singapore (MAS) consultation paper outlines proposed guidelines for the prudential treatment of crypto asset exposures and requirements for Additional Tier 1 (AT1) and Tier 2 (T2) capital instruments for banks. It aims to ensure that banks manage risks associated with crypto assets effectively and maintain robust capital buffers. The paper seeks feedback on the proposed regulatory framework to enhance the stability and integrity of the financial system. This consultation closes at 11.59 PM on 28 April 2025.
Wolters Kluwer is closely monitoring the changes to the MAS notices outlined in the consultation paper. Following the final guidance, any material updates on reporting will be integrated into the OneSumX solution.
Access the consultation paper: Consultation Paper on the Prudential Treatment of Cryptoasset Exposures and Requirements for Additional Tier 1 and Tier 2 Capital Instruments for Banks
Wolters Kluwer is closely monitoring the changes to the MAS notices outlined in the consultation paper. Following the final guidance, any material updates on reporting will be integrated into the OneSumX solution.
Access the consultation paper: Consultation Paper on the Prudential Treatment of Cryptoasset Exposures and Requirements for Additional Tier 1 and Tier 2 Capital Instruments for Banks