Pursuing Closer Bilateral Engagements

As part of our efforts to maintain strong bilateral relations and foster greater policy exchanges with our regional counterparts, MAS held several high-level bilateral meetings with central banks and regulators from the region. Bilateral meetings were held with Bank Indonesia (BI) in May 2009, with the Hong Kong Monetary Authority (HKMA) in July 2009, with the Bank of Thailand (BOT) in August 2009 and with the China Banking Regulatory Commission (CBRC) in October 2009. These meetings provided timely platforms for the bilateral exchange of views on global developments, as well as the impact of these developments on the region. In August 2009, MAS also participated in the 6th Joint Council for Bilateral Cooperation (JCBC) between China and Singapore. This annual exchange, co- chaired by China’s Vice Premier Wang Qishan and Singapore’s Deputy Prime Minister Wong Kan Seng, facilitates high-level discussions on issues ranging from economic and financial cooperation to cultural exchange.