Committee of Supply 2021 debate, Day 1: Sylvia Lim on inoculating bank customers against scams

Banks should offer an option of a cooling-off period for interbank transfers. This issue was raised by MP Sylvia Lim in Parliament on Friday (Feb 26). She asked the Monetary Authority of Singapore (MAS) if it has considered this idea and whether this could be implemented. She also asked how MAS is working with banks to inoculate customers against scams.