MAS advises financial institutions to implement safe distancing measures amid Covid-19 outbreak

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SINGAPORE (THE BUSINESS TIMES) - The Monetary Authority of Singapore (MAS) has issued an advisory to all financial institutions in Singapore, telling them to implement 'safe distancing measures in all aspects of their business operations, especially customer touch points'.. Read more at straitstimes.com.

SINGAPORE - The Monetary Authority of Singapore has issued an advisory to all financial institutions in Singapore, telling them to implement"safe distancing measures in all aspects of their business operations, especially customer touch points".

MAS said in its statement on Monday that this will also help to"safeguard the health of customers and ensure the financial sector's continued operational resilience" amid the virus outbreak. Other key measures include limiting the number of people within their premises as well as social distancing by ensuring that customers are at least 1 metre apart. Financial institutions are also advised to prioritise serving vulnerable customers, such as the elderly or pregnant women, to reduce their time spent in the premises.Institutions have also been advised to cancel or defer non-critical events such as marketing and promotional roadshows, as well as investment or education seminars.

 

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