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Extending timelines and deferring policies, MAS wants FIs to focus on COVID-19

The Monetary Authority of Singapore (MAS) is suspending all its regular on-site inspections and supervisory visits of FIs and adjusting certain regulatory requirements, so as to allow FIs to focus on dealing with issues related to the COVID-19 pandemic and supporting their customers. The move comes after Singapore Prime Minister Lee Hsien Loong last Friday announced additional measures to combat…

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