Monetary Authority of Singapore Annual Report 2011/2012
Our Partners

Maintaining Strong Bilateral Relations and Fostering Greater Policy Exchanges with Counterparts

MAS maintains regular policy dialogue and technical exchanges with fellow central banks and financial regulators. In the past year, MAS held high-level bilateral exchanges with the China Banking Regulatory Commission (CBRC), the Hong Kong Monetary Authority, and the Autoriti Monetari Brunei Darussalam, Issues discussed ranged from macroeconomic policy, impact from the Euro zone difficulties, and international supervisory developments.

CBRC and MAS signed a Supplemental to the existing MoU at the 8th Joint Council for Bilateral Cooperation meeting between China and Singapore held in Singapore in July 2011, to include cooperation on crisis management. This was in recognition of the need for greater international cooperation following the global financial crisis.