The two sides reaffirmed their close ties and commitment to strengthening supervisory cooperation.
The Monetary Authority of Singapore (MAS) and the China Banking and Insurance Regulatory Commission (CBIRC) made the commitment at their annual MAS-CBIRC Supervisory Roundtable, which was virtually on Wednesday, MAS said in a statement.
The roundtable was chaired by MAS’ deputy managing director Ho Hern Shin and CBIRC’s vice chairman Zhou Liang.
During the session, the two sides discussed regulatory and supervisory developments in the banking and insurance sectors in both jurisdictions and discussed opportunities for furthering collaboration in the areas of green finance, and the recovery and resolution planning for systemically important banks, MAS said.