The Monetary Authority of Singapore (MAS) today announced measures to enhance the banking system’s access to Singapore dollar (SGD) and US dollar (USD) funding. The new measures will strengthen banking sector resilience, promote more stable SGD and USD funding conditions, and support credit intermediation amid continued economic headwinds from the COVID-19 pandemic.
The full announcement is available at https://www.mas.gov.sg/news/media-releases/2020/mas-enhances-access-to-liquidity-facilities-to-strengthen-banking-sector-resilience