The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) announced that they have exchanged a Memorandum of Understanding (MoU) on banking supervisory cooperation, aimed at strengthening collaboration between the two authorities. The MoU is intended to facilitate information exchange and mutual assistance for supervisory purposes. The authorities linked the enhanced cooperation to the significant presence of Hong Kong and Singapore banks operating in both jurisdictions, with the MoU supporting supervision of cross-border banking operations under both supervisors’ purview.
Hong Kong Monetary Authority 2025-09-17
Hong Kong Monetary Authority and Monetary Authority of Singapore exchange Memorandum of Understanding to strengthen banking supervisory cooperation
The Hong Kong Monetary Authority and the Monetary Authority of Singapore have exchanged a Memorandum of Understanding to enhance banking supervisory cooperation. This MoU aims to facilitate information exchange and mutual assistance, supporting the supervision of cross-border banking operations due to the significant presence of banks from both jurisdictions.