MAS establishes $86.31b USD facility for banks

Submitted By:  Nathanielle Punay Case Study:  No It aims to support more stable USD funding conditions in Singapore. The Monetary Authority of Singapore (MAS) will provide up to $86.31b (US$60b) of funding to banks in Singapore through a new MAS USD Facility. The MAS USD Facility is said to support more stable USD funding conditions in Singapore, and facilitate USD lending to businesses in the country and the region. It will also contribute to global efforts by central banks to maintain stability and normal functioning of financial markets. read more