The Hong Kong Monetary Authority and the Monetary Authority of Singapore exchange a memorandum of understanding to strengthen banking regulation cooperation.

According to the Wise Financial APP, on September 17, the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) announced the signing of a memorandum of understanding on banking regulatory cooperation. The memorandum of understanding will facilitate information exchange and collaboration between the two parties on regulatory matters, strengthening cross-border business of banks under the supervision of the two financial regulators.