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 Integration Initiatives
Trade agreements are facilitative tools in financial integration, both regionally a s well as bilaterally. Financial markets that are open to participation by foreign financial players allow for greater regional and bilateral flow of financial services. Such interplay of market forces assists the integration of financial markets. In addition to bilateral financial integration initiatives with key economic partners, MAS also participates in World Trade Organisation efforts as well as the financial services discussions under regional agreements including the ASEAN Framework Agreement on Services and the ASEAN-plus agreements with ASEAN's dialogue partners.

MAS continues to play an active role in developing the regional capital markets through our involvement in various regional forums. With our counterparts in the region, we have been working to better integrate regional capital markets including through greater harmonisation of standards by promoting ASEAN as an asset class and encouraging greater linkages between equity exchanges as well as between regional debt markets. Singapore will also host the 13th ASEAN Summit in November 2007 which serves as a platform for ASEAN nations to discuss regional issues, including ways to further financial cooperation.