Singapore and China Regulators to Boost Supervisory Cooperation
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The two sides reaffirmed their close ties and commitment to strengthening supervisory cooperation.
The Monetary Authority of Singapore (MAS) and the China Banking and Insurance Regulatory Commission (CBIRC) made the commitment at their annual MAS-CBIRC Supervisory Roundtable, which was virtually on Wednesday, MAS said in a statement.
The roundtable was chaired by MAS’ deputy managing director Ho Hern Shin and CBIRC’s vice chairman Zhou Liang.
During the session, the two sides discussed regulatory and supervisory developments in the banking and insurance sectors in both jurisdictions and discussed opportunities for furthering collaboration in the areas of green finance, and the recovery and resolution planning for systemically important banks, MAS said.
Questions & Answers
Q.Which specific organisations were involved in the recent supervisory roundtable discussion?
Which specific organisations were involved in the recent supervisory roundtable discussion?
The Monetary Authority of Singapore (MAS) and the China Banking and Insurance Regulatory Commission (CBIRC) participated. They reaffirmed their commitment to strengthening supervisory cooperation during their annual roundtable event.
Q.What key topics did the MAS and CBIRC discuss during their recent virtual meeting?
What key topics did the MAS and CBIRC discuss during their recent virtual meeting?
They discussed regulatory and supervisory developments in their banking and insurance sectors. Opportunities for collaboration in green finance, and recovery and resolution planning for systemically important banks, were also on the agenda.
Q.When did the latest MAS-CBIRC Supervisory Roundtable take place?
When did the latest MAS-CBIRC Supervisory Roundtable take place?
The most recent annual MAS-CBIRC Supervisory Roundtable was held virtually on Wednesday. This meeting reaffirmed the close ties and commitment to strengthening supervisory cooperation between the two sides.
Q.Who chaired the annual supervisory roundtable for MAS and CBIRC?
Who chaired the annual supervisory roundtable for MAS and CBIRC?
MAS's deputy managing director, Ho Hern Shin, chaired the roundtable for Singapore. CBIRC's vice chairman, Zhou Liang, co-chaired the session, representing the Chinese side during the virtual meeting.
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