Singapore, Myanmar central banks sign banking supervision MOU
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Singapore
SINGAPORE and Myanmar's central banks will cooperate in banking supervision and capacity building, said the Ministry of Trade and Industry (MTI) on Monday, after the two countries signed a Memorandum of Understanding (MOU) in Yangon, Myanmar.
At the 5th Singapore-Myanmar Joint Ministerial Working Committee (JMWC) meeting on July 6, both sides - the Central Bank of Myanmar and the Monetary Authority of Singapore - exchanged views on developing an interbank funding market and discussed ways to deepen technical cooperation in banking and capital markets supervision.
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