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RESPONSE TO FEEDBACK RECEIVED - Monetary …

Monetary Authority Of Singapore 1 RESPONSE TO FEEDBACK RECEIVED RESPONSE to FEEDBACK RECEIVED Removing the DBU-ACU Divide-Implementation Issues February 2017 RESPONSE TO FEEDBACK RECEIVED ON 10 February 2017 REMOVING THE DBU-ACU DIVIDE IMPLEMENTATION ISSUES 2 Contents 1 Preface .. 3 2 Implementation Timeline .. 3 3 Limit on ACU Assets and Liabilities .. 5 4 Others .. 5 RESPONSE TO FEEDBACK RECEIVED ON 10 February 2017 REMOVING THE DBU-ACU DIVIDE IMPLEMENTATION ISSUES 3 1 Preface On 31 August 2015, MAS issued a consultation paper on the proposed consequential amendments to regulatory requirements, following MAS announcement on the removal of the DBU-ACU divide. 1 The consultation period closed on 30 September 2015. MAS thanks all respondents for their contributions.

RESPONSE TO FEEDBACK RECEIVED ON 10 February 2017 REMOVING THE DBU-ACU DIVIDE – IMPLEMENTATION ISSUES 4 MAS Response 2.5 The DBU-ACU divide has been a long-standing feature of Singapores banking

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