MAS advises banks on extra measures amid virus outbreak

Singapore

SINGAPORE'S central bank has asked financial institutions here to take additional measures and precautions after the Government raised the alert level on the coronavirus outbreak.

The Monetary Authority of Singapore (MAS) said on Sunday morning that financial institutions should anticipate and be prepared to manage any increase in demand for certain financial services - such as cash withdrawal or online financial services - and inform customers promptly of the availability of services and operating hours.