MAS unveils S$20b facility to protect depositors

The contingent liquidity provided to the Singapore Deposit Insurance Corporation is a back up in case of banking dilemma.

According to the MAS Annual Report, the Authority entered into an agreement with the Singapore Deposit Insurance Corporation Limited (SDIC) on 9 February 2012 where the Authority may provide the SDIC a contingent liquidity facility of up to $20 billion, in the event a Deposit Insurance Scheme member fails and liquidity is needed for compensation payments to insured depositors. For the financial year ended 31 March 2012, there was no request and drawdown on the facility.

Here's more from MAS:

The Authority is a participant in the multilateral ASEAN Swap Arrangement (ASA) together with other ASEAN central banks and a monetary authority to provide short-term foreign exchange liquidity support for member countries that may experience balance of payments difficulties. Under this agreement, the Authority’s commitment is US$300 million ($377 million). In September 2011, the ASA was renewed for an additional two years up to 16 November 2013.

Singapore’s financial services sector registered 9.1% growth in 2011. Despite challenging market conditions experienced in the second half of the year, domestic and offshore lending activities remained resilient even as sentiment-sensitive segments such as fund management and stock broking were impacted.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia