Malaysia and Singapore sign cross-border collateral MoU
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia jointly announced on Tuesday that they had signed a memorandum of understanding to establish a cross-border collateral arrangement aimed at enhancing liquidity facilities to financial institutions in both countries.
Under the arrangement, eligible financial institutions operating in one or other country will be able to obtain liquidity in the currency of the other country by pledging sovereign and central bank securities in
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