HKMA and MAS Strengthen Banking Supervision Cooperation

The Hong Kong Financial Authority (HKMA) and the Financial Authority of Singapore (MAS) have introduced a big step ahead of their banking supervisory cooperation. On September 17, 2025, the 2 monetary authorities exchanged a Memorandum of Understanding (MoU) aimed toward strengthening their collaboration on this crucial sector.

Enhanced Supervisory Cooperation

This MoU marks a brand new chapter within the longstanding relationship between HKMA and MAS. The settlement is designed to bolster the prevailing framework of knowledge change and mutual help for supervisory functions. This cooperation is especially essential given the substantial presence of banks from each jurisdictions working throughout borders.

Management Views

Eddie Yue, Chief Government of the HKMA, emphasised the significance of the MoU, stating, “Hong Kong and Singapore are the 2 main worldwide monetary facilities within the area. The signing of the MoU reinforces the shut ties between the 2 authorities and enhances supervisory cooperation and data sharing in respect of cross-border banking issues in each jurisdictions.”

Chia Der Jiun, Managing Director of MAS, echoed this sentiment, noting, “This MoU reaffirms the sturdy partnership between MAS and the HKMA and paves the way in which for deeper collaboration, fostering supervisory cooperation, change of knowledge and sharing of finest practices in key areas of mutual curiosity between the authorities.”

Implications for Cross-Border Banking

The improved cooperation will probably result in extra strong supervision of cross-border banking operations. That is anticipated to enhance the steadiness and integrity of monetary programs in each Hong Kong and Singapore. The MoU permits each authorities to leverage one another’s experience, thereby enhancing their supervisory capabilities.

For extra particulars, please discuss with the official announcement by the Hong Kong Financial Authority.

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