In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Monetary Authority of Singapore Act 1970 · 2020 Revised Edition · Part 4 · Powers, Duties and Functions of Authority
26. Special loans to banks, financial institutions, etc.
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Last amended by an amending law of 2003.
The Authority may, if it thinks such action is necessary to safeguard —
(a)
the stability of the financial system; or
(b)
public confidence in the financial system,make any loan or advance to any bank carrying on business under the Banking Act 1970 or to such financial institutions or class of financial institutions or such other persons as the Authority may from time to time determine, on such terms and conditions as the Authority thinks fit.