Singapore, China securities regulators to strengthen supervisory cooperation, capital markets development
THE Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) agreed to strengthen supervisory cooperation and facilitate the development of their capital markets, during the 2nd MAS-CSRC Supervisory Roundtable held in Singapore on Oct 31, 2017.
During the roundtable, the MAS and the CSRC discussed regulatory developments in the derivatives markets and their respective frameworks for supervising fund managers. They also deliberated on enhancing information sharing arrangements for derivative products through an upgraded memorandum of understanding.
The 2nd MAS-CSRC Supervisory Roundtable was co-chaired by MAS's deputy managing director Ong Chong Tee and CSRC's vice-chairman Fang Xinghai.
The roundtable is one of the key outcomes of President Xi Jinping's state visit to Singapore in 2015, which called for securities regulators from both sides to hold regular high-level dialogue sessions.
The second edition followed the inaugural roundtable which was held in Chongqing, China in April 2016.
Mr Ong said: "As global capital markets become more interlinked, it is important for supervisory authorities to promote greater understanding of their respective regulatory frameworks. With growing cross-border capital market activities taking place between China and Singapore, the MAS-CSRC Roundtable provides a good platform for both agencies to exchange views on potential areas for supervisory cooperation on a regular and timely basis."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japan frets over relentless yen slide as BOJ keeps ultra-low rates
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Five new charges for money laundering accused Zhang Ruijin before his plead guilty mention
Bank of Japan keeps rates steady, projects inflation staying near 2% in coming years
Weak yen pressures Bank of Japan’s interest rate decision
Basel Committee adds climate risks to banking supervision standards