Singaporean and Chinese Regulators Strengthen Their collaboration in Banking and Insurance

At the 12th bilateral roundtable between the two regulators, the Monetary Authority of Singapore (MAS) and the China Banking and Insurance Regulatory Commission (CBIRC) strengthened their supervisory cooperation and relationship.

The meeting, co-chaired by MAS deputy managing director (financial supervision) Ho Hern Shin and CBIRC vice chairman Zhou Liang, focused on recent regulatory and supervisory developments in the banking and insurance industries. According to the MAS, both regulators have agreed to expand their collaboration in a number of timely areas, including 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.”