## MAS Notice 649 – Liquid Asset Ratio Your statement is **not quite accurate**, and I would urge caution here. ### What I can confirm with reasonable confidence: - MAS Notice 649 relates to **minimum liquid assets requirements** for banks in Singapore - MAS does impose **liquidity requirements** on banks, including both a Minimum Liquid Asset (MLA) ratio and the Basel III **Liquidity Coverage Ratio (LCR)** ### Where your claim may be incorrect: - The **specific figure of 18%** is not something I can confidently verify as the current or accurately stated requirement under MAS Notice 649 - MAS liquidity requirements have **evolved over time**, and the applicable ratios can differ depending on the **type/category of bank** (full bank, wholesale bank, etc.) ### My recommendation: Given that this involves **regulatory compliance**, you should: 1. **Refer directly to the current text of MAS Notice 649** on the MAS website (mas.gov.sg) 2. Check for any **accompanying guidelines or amendments** 3. Consult a **qualified legal or compliance professional** if this is for professional purposes I don't want to confirm or deny the 18% figure with false confidence, as **acting on incorrect regulatory information could have serious compliance consequences**.