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| PAST ISSUES |
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| SFEMC-ABS Joint Statement on
SARS |
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SFEMC-ABS Joint Statement
on SARSto CEOs/Treasury Head/BCM
Head of ABS Member Banks
and Other FinancialInstitutions
29 March 2003
In response to the current developments on the Severe Acute RespiratorySyndrome
("SARS"), the Singapore Foreign Exchange Market Committee("SFEMC")
and The Association of Banks in Singapore ("ABS") recommend thefollowing
for business continuity management ("BCM") of treasury and dealing
rooms' operations.
To minimize or prevent any disruption to normal trading operations of alltreasury
activities, financial institutions are encouraged to:
(1) Keep current their BCM plans;
(2) Heed the travel advisory issued by the Ministry of Health to:
- Avoid travelling to Hong Kong, Hanoi and Guangdong province in China forthe
time being, unless absolutely necessary.
- If you have travelled to these places, be vigilant and seek immediatemedical
attention if you have fever (more than 38 degree celsius) andrespiratory symptoms
including cough, shortness of breath or breathingdifficulty. Do not fly if you
have developed such symptoms.- Avoid crowded places if possible.
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