Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have signed a Memorandum of Understanding to establish a cross-border collateral arrangement aimed at enhancing liquidity facilities to financial institutions in both countries. Under this arrangement, eligible financial institutions operating in Singapore may obtain Singapore Dollar (SGD) liquidity from MAS by pledging Malaysian Ringgit (MYR) or Ringgit-denominated sovereign and central…
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