
The Association of Banks in Singapore (ABS)
The Association of Banks in Singapore (ABS) plays an active role in promoting and representing the interests of the banking community in Singapore. In doing so, ABS works closely with the relevant government authorities towards the development of a sound financial system in Singapore. Since its establishment in 1973, ABS has promoted common understanding among its members and projected a unifying voice on banking issues. It has brought its members closer together through various guidelines and banking practices as well as the support of projects of mutual benefit to face the challenges of the financial and banking community in Singapore. Today, ABS has a membership of over 150 local and foreign banks.
Articles sponsored by The Association of Banks in Singapore (ABS)
30 Nov 2023 • Suein Oh
SIBOR to SORA Transition: Why You Should Act Now
SORA is replacing SIBOR as the key interest rate benchmark in Singapore. If you have a SIBOR-based home loan, speaking to your bank ahead of the 30 April 2024 deadline will give you more time to consider your options.