Banks Will Have More Singdollar Funds Available with New MAS Facility
Singapore’s banks and finance firms would have access to more funds if they face liquidity issues due to the Covid-19 pandemic. The Singapore Monetary Authority (MAS) is carrying out a pre-emptive Singdollar term facility to handle liquidity constraints before they become severe challenges. Although Singapore’s banks and finance companies maintain healthy liquidity buffers, MAS is preemptively implementing this facility to …