Focus areas and schemes to develop Singapore as a global capital for Asian risk transfer.
MAS will provide up to US$60 billion of funding to banks in Singapore through a new MAS USD Facility. The Facility will support more stable USD funding conditions in Singapore, and facilitate USD lending to businesses in Singapore and the region.
The Accounting and Corporate Regulatory Authority (ACRA), Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) expect all issuers to comply with the Ministry of Health’s (MOH) mandatory safe distancing measures. Issuers must implement all the relevant measures in the conduct of meetings including general meetings and scheme meetings.
MAS issued an advisory to all financial institutions in Singapore, telling them to implement safe distancing measures in all aspects of their business operations, especially customer touch points. This is part of the national effort to reduce the risk of further local transmission of COVID-19.
MAS will release its next six-monthly Monetary Policy Statement on 30 March 2020 (Monday), at 8:00 am. The statement will be posted on the MAS website.
Singapore and Australia have agreed to enhance data connectivity in financial services between both countries under the Singapore-Australia Digital Economy Agreement.