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MAS tells banks to implement safe distancing measures

The Edge Singapore
The Edge Singapore • 1 min read
MAS tells banks to implement safe distancing measures
SINGAPORE (March 23): The Monetary Authority of Singapore (MAS) is asking all financial institutions here to adopt safe distancing measures, as part of the bid to prevent further local transmission of Covid-19.
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SINGAPORE (March 23): The Monetary Authority of Singapore (MAS) is asking all financial institutions here to adopt safe distancing measures, as part of the bid to prevent further local transmission of Covid-19.

The banks and other financial institutions are to reduce queues at their branches or customer service centres. They are to encourage customers to transact online or via other platforms instead.

They are to also cap the number of people waiting at their premises and make sure there’s a one metre minimum separation between customers. Banks and FIs are to serve the elderly, the pregnant, and other less able-bodied customers first. They are to also collect contact details for contact tracing purposes.

Banks and FIs should also defer or cancel all “non-critical” events such as marketing and promotional roadshows, as well as investment and education seminars.

They are to also adopt safe distancing measures at workplaces. For example, allowing work from home arrangements; ensuring wider physical spacing of at least one metre between staff at workstations, meeting rooms or other common areas, as well as staggering working hours and lunch breaks.

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