Compliance & Regulation

Autoriti Monetari Brunei Darussalam and the Monetary Authority of Singapore to Expand Cooperation

The Autoriti Monetari Brunei Darussalam and the Monetary Authority of Singapore have committed to new areas of cooperation, with the signing of an enhanced Memorandum of Understanding on Bilateral Cooperation at the 3rd AMBD-MAS Bilateral Roundtable.

The MoU, signed by Autoriti Monetari Brunei Darussalam (AMBD) Managing Director Rokiah Badar and MAS Managing Director Ravi Menon, builds on the longstanding cooperation between both countries in many areas, including the Currency Interchangeability Agreement.  New areas of cooperation include financial sector development, cross-border supervision, crisis management, AML/CFT, as well as currency management and operations, according to a MAS press release.

At the Roundtable, AMBD and MAS discussed recent economic, monetary and financial developments, FinTech collaboration and currency management.