MAS and CBIRC Strengthen Supervisory Cooperation at Annual Roundtable
The Monetary Authority of Singapore (MAS) and the China Banking and Insurance Regulatory Commission (CBIRC) have reaffirmed their close ties and commitment to strengthen supervisory cooperation at their annual MAS-CBIRC Supervisory Roundtable.
The Roundtable, in its 11th year, was held via video conference and chaired by MAS’ Deputy Managing Director Ms Ho Hern Shin and CBIRC’s Vice Chairman Mr Zhou Liang, MAS reported in a press release.
During the Roundtable, MAS and CBIRC discussed regulatory and supervisory developments in the banking and insurance sectors in each both jurisdictions. Both regulators also discussed opportunities for furthering collaboration in the areas of green finance, and the recovery and resolution planning for systemically important banks.
Ms Ho said, “MAS deeply values the partnership that we have with the CBIRC. The Roundtable provides an invaluable annual platform for senior supervisors from both agencies to better understand each other’s supervisory approaches, exchange views in areas of shared interest, and strengthen cooperation.”