MAS and CSRC Advance Regulatory Collaboration and Capital Markets Connectivity at the 6th Bilateral Roundtable
Singapore, 3 February 2022…The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) exchanged information to advance cooperation in capital markets supervision and connectivity at the 6th MAS-CSRC Supervisory Roundtable last week. Both sides discussed the implementation of the capital markets collaboration initiatives announced at the recent between Singapore and China held in December 2021.
2. Co-chaired by MAS’s Deputy Managing Director Ms Ho Hern Shin and CSRC’s Vice Chairman Mr Fang Xinghai, the Roundtable focussed on key supervisory issues, which included developments in sustainability reporting, OTC derivatives reporting requirements, as well as the supervisory and regulatory approaches for exchange traded products and market misconduct. MAS and CSRC also exchanged views to strengthen capital markets connectivity and support deeper collaboration between our exchanges.
3. Ms Ho said, “CSRC and MAS enjoy strong and warm relations, and benefit from a close supervisory partnership. Given the interest by our financial institutions to expand in each other’s markets and evolving market developments, the annual Roundtable is an important platform to discuss supervisory issues and areas of common interest, including sustainable finance.”
Mr Ravi Menon, Managing Director, MAS, spoke on MAS' efforts to build three foundational digital infrastructures, as well as MAS’ collaboration with UNDP to maximise opportunities for MSMEs.
Joint Statement of the 10th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM)
State Bank of Vietnam, the central bank of Viet Nam, has officially joined the Regional Payment Connectivity (RPC) initiative. This recent development is an expansion of the Memorandum of Understanding on Cooperation in Regional Payment Connectivity (MOU RPC) that was initiated by the central banks of Indonesia, Malaysia, Philippines, Singapore, and Thailand at the sidelines of the G20 Leaders’ Summit.