MAS ramps up liquidity support
Financial sector will have increased access to Singapore and US dollar funding
The Monetary Authority of Singapore has established a new lending facility to ensure the banking sector has sufficient access to both US dollar and Singapore dollar funding.
Since the Covid-19 outbreak, the MAS has launched a new dollar lending mechanism and a Singapore dollar facility for environmental, social and governance loans. On September 3, it launched an additional Singapore dollar term facility.
According to a statement, the new facility will offer funds over longer tenors, which
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