MAS proposes easing insurers’ capital requirements; sets aside S$30 million for insurance infrastructure
The moves come as Singapore seeks to boost its growth capital ecosystem
The Monetary Authority of Singapore (MAS) has proposed easing capital requirements for insurers investing in certain infrastructure and securitised assets. This move aims to bolster the local infrastructure financing ecosystem and mobilise private capital for Asia's infrastructure needs. The S$30 million set aside under the Financial Sector Development Fund will aid insurers in building infrastructure investment capabilities within the country.
The measures come as Singapore seeks to enhance its growth capital ecosystem, following initiatives to bolster equity markets, grow the asset management industry, and support wealth management capabilities.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
