The Monetary Authority of Singapore furthers the combat against outbreak by urging financial institutions to adopt what it calls «safe distancing measures».
The MAS highlighted better management of customer touchpoints in particular as a means of reducing further coronavirus transmission locally.
The regulator suggested in a statement to reduce physical traffic by encouraging the usage of electronic platforms for financial transactions where possible. And for the remaining traffic at branches and service centers, the MAS told financial institutions to limit the number of people waiting at the premise; increase distance between people; prioritize vulnerable customers like the elderly or pregnant women; and collect details of all visitors for potential contact tracing purposes later.
Workplace Measures
In addition to the cancellation or deferral of non-critical events, the MAS also highlighted the importance of a safe workplace including wok from home arrangements, where possible.
If not, financial institutions should adopt other preventive measures such as widening of spacing between workers to at least one meter and staggering start times for work and lunch hours to avoid congestion.
«MAS will continue to work closely with the industry to ensure that Singapore’s financial sector remains resilient and contributes to the national effort against COVID-19,» the city-state’s watchdog added.
