MAS: Annual report 2006 / 2007
CONTENTS
HOME
 
TEAMWORK - Our Partners
SINGAPORE 2006 INTERNATIONAL MONETARY FUND AND WORLD BANK GROUP ANNUAL MEETINGS
WORKING WITH INDUSTRY
FINANCIAL COOPERATION
FINANCIAL COOPERATION 52
Working With Foreign Regulators 52
Participation In International Forums and Initiatives 53
Partnership With Toronto Centre (MAS-Toronto Centre Regional  
  Leadership Programme for Securities Regulators 54
Regional Training Initiative 54
Financial Integration Initiatives 54
MAS and International Monetary Fund High-Level  
  Seminar On Crisis Prevention in Emerging Markets 55
Box 15 - Brunei-Singapore Currency Interchangeability  
  Agreement 40th Anniversary Celebrations 55
 
FINANCIAL COOPERATION

Working With Foreign Regulators
During the yea r, MAS maintained close working relationship and dialogue with foreign regulators on supervision of both foreign and local financial institutions in Singapore. Home regulators from US, UK, Germany and Netherlands as well as from the Asia region met with MAS. They conducted inspections and thematic reviews of financial institutions from their jurisidictions. MAS also carried out its own inspections of Singapore banking groups' overseas' operations, as well as engaged intermediate home supervisors on the Basel II implementation progress of Singapore banks’ significant subsidiaries overseas. We participated in several supervisory colleges organised by home supervisors of foreign banks with operations in Singapore.