HKMA and MAS enhance cooperation on banking supervision

The Hong Kong Monetary Authority (HKMA) and Monetary Authority of Singapore (MAS) today (17 September) announced the exchange of a Memorandum of Understanding (MoU) on banking supervisory cooperation.

The HKMA and MAS have been collaborating on banking supervision closely over the years. The MoU strengthens the supervisory cooperation and facilitates the exchange of information and mutual assistance for supervisory purposes between the two authorities.  Given the significant presence of Hong Kong and Singapore banks in both jurisdictions, such cooperation enhances the supervision of cross-border operations of banks under the purview of both authorities.

Mr Eddie Yue, Chief Executive of the HKMA, said, “Hong Kong and Singapore are the two leading international financial centres in the region.  The signing of 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.”

Mr Chia Der Jiun, Managing Director, MAS, said, “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.”

Hong Kong Monetary Authority
Monetary Authority of Singapore
17 September 2025