Singapore enhances liquidity management

The Monetary Authority of Singapore (MAS) is to allow more banks to borrow from its standing facility in a bid to improve liquidity management in the banking system.

Heng Swee Keat, the managing director of the authority, announced the changes on Thursday, which will see eligibility extended from the 11 primary dealer banks to all MEPS+ participating institutions. MEPS+ is MAS's real-time gross-settlement system.

The standing facility, introduced in June 2006, enables banks to place excess funds

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