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VIRUS OUTBREAK

MAS eases some capital requirements for banks, but says no share buybacks

Singapore banks free to maintain dividend policy, but sustaining lending activities should take priority, says the authority

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The three local banks - DBS, OCBC and UOB - have done more share buybacks than usual recently, though activity was mainly driven by DBS. Between March 1 and 20, DBS spent S$368 million.

Singapore

THE Monetary Authority of Singapore (MAS) has loosened certain capital and liquidity requirements for banks amid the virus outbreak, but with a clear caveat: that the release of capital buffers should not go towards share buybacks.

To allow banks to sustain lending to...

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