Monetary Authority of Singapore Annual Report 2012/2013
  • COMMITTED TOWARDS INTERNATIONAL EFFORTS ON FINANCIAL STABILITY AND FINANCIAL REGULATORY REFORM
Valued Partner

COMMITTED TOWARDS INTERNATIONAL EFFORTS ON FINANCIAL STABILITY AND FINANCIAL REGULATORY REFORM

International Engagements

Promote Consolidated Supervision and Cooperation with Foreign Regulators

In 2012, MAS hosted supervisory college meetings for the three Singapore banking groups and Great Eastern Holdings Limited. These college meetings provided a forum for MAS and host supervisors of these institutions to exchange views and assessments of the institutions’ cross-border activities. The discussions enhanced MAS’ supervisory oversight of these financial groups and helped foster closer ties with host supervisors in the cross-border supervision of the groups. In addition, MAS continues to participate in supervisory college meetings of international and regional banks and insurers as host supervisor. This allows MAS to cooperate more closely with the home supervisors of foreign banks and insurers and strengthen our understanding of developments in other parts of the group that may have an impact on the Singapore operations.