, Singapore
Photo from Credit Suisse

No interruptions in Credit Suisse operations in Singapore: MAS

MAS said UBS’ takeover of Credit Suisse will not impact SG’s banking system.

Credit Suisse will continue operating in Singapore without interruptions, according to the Monetary Authority of Singapore (MAS).

MAS issued the statement after news of the Swiss bank’s merger with UBS Group AG (UBS) was announced. 

The central bank said the Swiss Financial Market Supervisory Authority (FINMA) has briefed them on the full details of UBS’ takeover.

“Customers of Credit Suisse will continue to have full access to their accounts and CS’ contracts with counterparties remain in force,” MAS said.

The Singapore branch of Credit Suisse and UBS both offer private and investment banking. 

Credit Suisse also operates financial services under licensed entities in Singapore, which shall also remain uninterrupted.

MAS also assured the public that the takeover will not have an impact on the stability of Singapore’s banking system.

“[We] will continue to closely monitor the domestic financial system and international developments, and stand ready to provide liquidity through its suite of facilities to ensure that Singapore’s financial system remains stable and financial markets continue to function in an orderly manner,” MAS said.

The Swiss Confederation and the Swiss National Bank (SNB) are also ready to provide further assistance, such as liquidity assistance, to ensure the success of the merger.

“These measures are aimed at ensuring stability for Credit Suisse’s customers, the Swiss financial centre, and international financial markets,” MAS said.

Follow the links for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


ZA Bank’s Devon Sin on why Web3 is key to HK’s growth
The bank has expanded services to cater to stablecoin issuers and Web3 companies. 
Retail Banking
CIMB Niaga leads the way in captivating Indonesia’s youth
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
BCA sets benchmark in Indonesia’s microfinance sector
Innovative approaches reflect the bank’s commitment to pushing financial inclusion and fostering economic growth.