The Monetary Authority of Singapore recently issued what it called the final form of its guidelines governing securitization by banks.

The guidelines (MAS Notice 628) set out the capital treatment of securitized assets, as well as the disclosure, separation and other requirements applicable to banks assuming various roles in a securitization transaction. MAS said that the guidelines seek to ensure that banks involved in the securitization transactions fully understand their roles, responsibilities and risks, and that they hold appropriate capital against the risks they accept.

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