The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) announced the exchange of a Memorandum of Understanding on banking supervisory cooperation, aimed at strengthening cross-border supervisory coordination between the two authorities. The MoU is intended to facilitate information exchange and mutual assistance for supervisory purposes, supporting oversight of banks with cross-border operations under both regulators’ purview. MAS and HKMA noted that the arrangement builds on their existing collaboration and is designed to enhance cooperation, including the sharing of best practices, given the significant presence of Singapore and Hong Kong banks in both jurisdictions.
Monetary Authority of Singapore 2025-09-17
Monetary Authority of Singapore and Hong Kong Monetary Authority exchange MoU to strengthen banking supervisory cooperation
The Monetary Authority of Singapore and the Hong Kong Monetary Authority have exchanged a Memorandum of Understanding to enhance banking supervisory cooperation. This agreement aims to facilitate information exchange and mutual assistance for overseeing banks with cross-border operations. The arrangement builds on existing collaboration and supports the sharing of best practices.