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MAS and Brunei Darussalam Central Bank sign MOU to deepen cooperation in financial supervision

Felicia Tan
Felicia Tan • 1 min read
MAS and Brunei Darussalam Central Bank sign MOU to deepen cooperation in financial supervision
Rokiah Badar, managing director of Brunei Darussalam Central Bank and Ravi Menon, MAS's managing director at the signing ceremony. Photo: MAS, Brunei Darussalam Central Bank
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The Monetary Authority of Singapore (MAS) and the Brunei Darussalam Central Bank signed a memorandum of understanding (MOU) to deepen cooperation in banking and insurance supervision on Feb 3.

The MOU will facilitate the effective supervision of banks and insurers operating across the two jurisdictions, including through information exchange and cross border on-site inspections, reads the joint statement.

During the meeting, both central banks discussed recent economic and financial developments as well as cooperation in sustainable finance to accelerate climate change mitigation and adaptation in Asean.

Developments in Central Bank Digital Currencies and cross-border payments were also brought up during the meeting.

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