RESPONSE TO FEEDBACK RECEIVED – …

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RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON PROPOSED MAS NOTICE 639 exposures to single COUNTERPARTY GROUPS 1 Introduction On 13 September 2006, MAS released for consultation, the proposed MAS Notice 639 which sets out the detailed compliance requirements under the revised section 29 of the Banking The consultation period closed on 13 October 2006. We thank all respondents for their comments. MAS has carefully considered the FEEDBACK RECEIVED . Comments that are of general interest to the industry, together with MAS responses, are set out below.

RESPONSE TO FEEDBACK RECEIVED – CONSULTATION ON PROPOSED MAS NOTICE 639 EXPOSURES TO SINGLE COUNTERPARTY GROUPS 1 Introduction 1.1 On 13 September 2006, MAS released for consultation, the proposed MAS

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