ROBUST, TRUSTED, DYNAMIC AND

PURPOSEFUL FINANCIAL CENTRE

A ROBUST FINANCIAL CENTRE
INTERNATIONAL SUPERVISORY COOPERATION

Promoting Consolidated Supervision and Cooperation with Foreign Regulators
MAS continues to participate in supervisory college meetings of international and regional banks as host supervisor. This allows MAS to cooperate more closely with the home supervisors of foreign banks and strengthen its understanding of developments in other parts of the foreign banks' groups that may have an impact on their Singapore operations. MAS also hosts supervisory college meetings for the three Singapore banking groups, involving supervisors in the region where the banks have sizeable operations. These meetings provide a forum for MAS and the foreign host supervisors of the three Singapore banking groups to exchange views and assessments of the banks' cross-border activities.

Crisis Management Group Meetings
MAS is a member of the Crisis Management Group (CMG) of six of the Global Systemically Important Banks (G-SIBs) that have significant operations in Singapore and participates in their CMG meetings. The meetings facilitate information exchanges between home and host supervisors and the establishment of institution-specific cross-border cooperation agreements to support recovery and resolution planning. They enhance preparedness and cross-border coordination for crisis management, including recovery and resolution planning, for these institutions.