The Central Bank of Brunei Darussalam and the Monetary Authority of Singapore reported outcomes from their fifth bilateral roundtable, including the signing of a Memorandum of Understanding to set up a reciprocal cross-border collateral arrangement for their liquidity provisioning facilities. The arrangement is intended to enable both authorities to accept a wider range of collateral, giving financial institutions in both jurisdictions greater flexibility in liquidity management and supporting financial stability. Discussions at the roundtable also covered global and regional economic trends, developments in payments connectivity, and plans to commemorate the 60th anniversary of the Currency Interchangeability Agreement in 2027.
Central Bank of Brunei Darussalam 2025-08-14
Central Bank of Brunei Darussalam and Monetary Authority of Singapore sign MoU to establish a reciprocal cross-border collateral arrangement
The Central Bank of Brunei Darussalam and the Monetary Authority of Singapore signed a Memorandum of Understanding for a reciprocal cross-border collateral arrangement to enhance liquidity management and support financial stability. The roundtable also discussed economic trends, payments connectivity, and the 60th anniversary of the Currency Interchangeability Agreement in 2027.