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MAS extends help to financial institutions so customers' needs are met

Amala Balakrishner
Amala Balakrishner4/7/2020 01:53 PM GMT+08  • 2 min read
MAS extends help to financial institutions so customers' needs are met
The Monetary Authority of Singapore (MAS) says it will adjust selected regulatory requirements and supervisory programmes so financial institutions can continue providing for their customers seamlessly in this month-long ‘circuit-breaker’.
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SINGAPORE (Apr 7): The Monetary Authority of Singapore (MAS) says it will adjust selected regulatory requirements and supervisory programmes so financial institutions can continue providing for their customers seamlessly in this month-long ‘circuit-breaker’.

The measures include adjusting banks’ capital and liquidity requirements for banks, such that they have sufficient capital buffers to support their lending activities

“Banks in Singapore can afford to do this because they have managed their businesses prudently and have built up healthy capital buffers over the years,” the central bank notes.

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