Brunei Darussalam Central Bank (BDCB) and the Monetary Authority of Singapore (MAS) reaffirmed bilateral cooperation at their fifth bilateral roundtable in Brunei Darussalam, including signing a Memorandum of Understanding to establish a reciprocal cross-border collateral arrangement. The arrangement will enable both authorities to accept a wider range of collateral in their liquidity provisioning facilities, giving financial institutions in both jurisdictions greater flexibility in liquidity management and supporting financial stability. The roundtable also covered recent global and regional economic trends and developments in payments connectivity. In addition, both sides discussed plans to commemorate the 60th anniversary of the Currency Interchangeability Agreement in 2027.
Monetary Authority of Singapore 2025-08-14
Monetary Authority of Singapore and Brunei Darussalam Central Bank sign MoU to establish reciprocal cross-border collateral arrangement
The Brunei Darussalam Central Bank and the Monetary Authority of Singapore signed a Memorandum of Understanding for a reciprocal cross-border collateral arrangement, enhancing liquidity management and financial stability. The roundtable also addressed global economic trends, payments connectivity, and plans for the 60th anniversary of the Currency Interchangeability Agreement in 2027.