Singapore: Regulator outlines measures to help banks support customers during COVID-19

Singapore - Image by Jason Goh from Pixabay

The Monetary Authority of Singapore (MAS) will adjust selected regulatory requirements and supervisory programs in response to the COVID-19 pandemic.

According to MAS, the adjustment is designed to enable banks to focus on dealing with issues related to the pandemic and supporting their customers during this period.

The measures include an adjustment of banks’ capital and liquidity requirements, to help sustain their lending activities. 

Photo Credit: Pixabay

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