24 Jul 2008
SINGAPORE, July 24 (Reuters) - Singapore's central bank on Thursday widened its liquidity facility to non-primary dealers such as investment banks, a move similar to the Federal Reserve which opened its tap after the collapse of Bear Stearns.Previously the Monetary Authority of Singapore's standing facility was open to 11 primary dealer banks and non-primary dealer banks could only access the facility through primary dealers such as DBS Group (DBSM.SI: Quote, Profile, Research, Stock Buzz) and Citigroup (C.N: Quote, Profile, Research, Stock Buzz).
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