Central Banking

Singapore MAS to review bank ATM rule in 2-3 years

SINGAPORE - The Monetary Authority of Singapore said Wednesday it will review the restriction on foreign banks' access to local banks' automated teller machine network in two to three years.

The MAS made the statement in a reply to queries, following a report in local media Wednesday.

Currently, foreign banks aren't allowed to share the ATM networks set up by local banks.

MAS said the "banking liberalization program is deliberately phased out to give the local banks time to upgrade themselves to

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