The Wall Street Journal, 16 Jul 2009, P.R. VENKAT
SINGAPORE -- Singapore's central bank Thursday announced new steps that will give banks more options to increase their liquidity, while saying its monetary policy remains appropriate to support the economy.
The Monetary Authority of Singapore's new measures aim to help banks better manage their risks and liquidity profiles.
Effective immediately, the central bank will accept triple A-rated Singapore dollar- denominated debt securities issued by sovereigns, organizations that aren't tied to any one sovereign country such as the World Bank, and state-backed companies as collateral.
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