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COVID-19: Governance: MAS' response and measures (Singapore)
12 May 2020 |
Asia
Legal Briefings
– By
William Hallatt, Hannah Cassidy, Natalie Curtis, Sandra Tsao (Prolegis LLC), Valerie Tao and Kenneth Lo
The Monetary Authority of Singapore (MAS) has been working with the industry to keep the city's markets robust, uninterrupted and accessible since the start of the COVID-19 outbreak.
In order to ensure that financial institutions and the markets remain resilient in the changing circumstances, MAS has announced policy changes and deadline extensions and issued guidance and reminders on a wide range of issues.
Our recent briefing provides a summary of these developments, with links to original documents to help you navigate the following areas:
- Operational resilience and business continuity
- Adjustments to selected regulatory requirements and supervisory programmes
- Guidance on measures consistent with safe distancing
- Financial and other support for financial institutions and fintech firms
- Relief measures for banking clients
See our recent Hong Kong briefing here
Navigating the COVID-19 Outbreak
Key Contacts
If you have any questions, or would like to know how this might affect your business, phone, or email these key contacts.