Singapore, China reaffirm commitment to financial supervisory cooperation

The supervisory roundtable was held virtually.

The Monetary Authority of Singapore (MAS) and the China Banking and Insurance Regulatory Commission (CBIRC) reaffirmed their close ties and commitment to strengthening supervisory cooperation at their annual MAS-CBIRC Supervisory Roundtable. 

The roundtable, held virtually in its 11th year, was chaired by MAS’ Deputy Managing Director Ho Hern Shin and CBIRC’s Vice Chairman Zhou Liang. 

MAS and CBIRC discussed regulatory and supervisory developments in the banking and insurance sectors in both markets.

The regulators also reportedly discussed opportunities for furthering collaboration in the areas of green finance, and the recovery and resolution planning for systemically important banks.