Singaporean, Chinese regulators strengthen cooperation

The Monetary Authority of Singapore (MAS) and the China Banking and Insurance Regulatory Commission (CBIRC) have strengthened their supervisory cooperation and relationship at the 12th bilateral roundtable between the two regulators, held on Dec. 2.

The meeting, which was co-chaired by MAS deputy managing director (financial supervision) Ho Hern Shin and CBIRC vice chairman Zhou Liang, discussed the recent regulatory and supervisory developments in the banking and insurance sectors. According to the MAS, both regulators have also agreed to deepen cooperation in several timely areas, such as green finance and supervisory technology.

“MAS and the CBIRC have been holding this regular roundtable since 2006,” Ho said. “The roundtable continues to be an important platform for both sides to learn about key developments in each other’s financial markets and exchange information to facilitate the consolidated supervision of relevant entities.”