MAS move on access to SGD, USD for banks 'a pre-emptive measure'

Singapore

THE latest move by the Monetary Authority of Singapore (MAS) to boost access to Singapore dollar (SGD) and US dollar (USD) funding for banks will give them more flexibility to manage liquidity in times of market stress, strengthening resilience in the sector, said analysts.

This should enable banks to better extend credit to customers to support economic recovery, but is unlikely to affect banks' capital structure and credit profiles, they added.