SAIF

SAIF, or Security and Insurance Fund, is a financial safety net set up by the Government of Singapore to support financial institutions in times of crisis. It helps ensure stability within the banking and insurance sectors by providing resources to protect depositors and policyholders if an institution faces difficulties or insolvency. Essentially, SAIF acts as a safeguard, maintaining public confidence in the financial system and preventing panic or widespread economic impact during periods of financial distress.