Singapore and Hong Kong enhance banking supervision cooperation

It enhances supervision of cross-border operations of banks under their purview.

The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) have exchanged a memorandum of understanding (MOU) on banking supervisory cooperation.

The MOU strengthens the supervisory cooperation and facilitates the exchange of information and mutual assistance for supervisory purposes between the two authorities, the two central banks said in a joint media release on 17 September 2025.

Such cooperation enhances the supervision of cross-border operations of banks under the purview of both authorities, the statement read.

“This MOU reaffirms the strong partnership between MAS and the HKMA and paves the way for deeper collaboration, fostering supervisory cooperation, exchange of information and sharing of best practices in key areas of mutual interest between the authorities,” said Chia Der Jiun, managing director, MAS.

For HKMA chief executive Eddie Yue, the MOU “reinforces the close ties between the two authorities and enhances supervisory cooperation and information sharing in respect of cross-border banking matters in both jurisdictions.”