This agreement will see an enhanced cooperation and supervision of the futures markets in both countries.
The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) announced on Wednesday that they have outlined a number of ways in which they plan to enhance the cooperation and financial connection between the capital markets of both countries.
The measures are the result of the third Supervisory Roundtable between the two regulators, which was held on October 24, 2018. One of the key highlights to come out of the meeting includes an agreement on a cross-border derivatives cooperation.
Building upon discussions from last year's meeting, the two financial regulators have agreed on the substantive areas for cooperation in supervising Exchange -traded derivatives. According to the statement, the agreement will be formalized as a Memorandum of Understanding (MoU) in the near future.
This agreement will also see enhanced cooperation and supervision of the futures markets in both countries. The aim of this is to facilitate the stable development of the futures markets in both Singapore and China.
Commenting on the developments, MAS’ Deputy Managing Director Ong Chong Tee said: “the Roundtable has been an excellent platform for us to work on meaningful initiatives to enhance supervisory cooperation. With increased cross-border capital market activities, MAS and CSRC acknowledge the importance of improving regulatory coordination and ensuring the financial stability of our capital markets.
“The derivatives MOU will lead to more effective cross-border regulatory oversight of futures markets, while the staff exchange arrangement will deepen ties between staff at both agencies.”
MAS and CSRC sign MoU to allow staff exchanges
As a result from the Roundtable, MAS and CSRC also signed a Staff Exchange MoU. This agreement will facilitate staff exchanges between the two regulators. The aim of this it to deepen the working relationship between the two watchdogs as well as help build a mutual understanding.
According to the statement, MAS and CSRC also discussed enhancing the cross-border supervision of each other’s capital markets, the application of data Analytics and the role of capital markets supporting the Belt and Road Initiative.
The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) announced on Wednesday that they have outlined a number of ways in which they plan to enhance the cooperation and financial connection between the capital markets of both countries.
The measures are the result of the third Supervisory Roundtable between the two regulators, which was held on October 24, 2018. One of the key highlights to come out of the meeting includes an agreement on a cross-border derivatives cooperation.
Building upon discussions from last year's meeting, the two financial regulators have agreed on the substantive areas for cooperation in supervising Exchange -traded derivatives. According to the statement, the agreement will be formalized as a Memorandum of Understanding (MoU) in the near future.
This agreement will also see enhanced cooperation and supervision of the futures markets in both countries. The aim of this is to facilitate the stable development of the futures markets in both Singapore and China.
Commenting on the developments, MAS’ Deputy Managing Director Ong Chong Tee said: “the Roundtable has been an excellent platform for us to work on meaningful initiatives to enhance supervisory cooperation. With increased cross-border capital market activities, MAS and CSRC acknowledge the importance of improving regulatory coordination and ensuring the financial stability of our capital markets.
“The derivatives MOU will lead to more effective cross-border regulatory oversight of futures markets, while the staff exchange arrangement will deepen ties between staff at both agencies.”
MAS and CSRC sign MoU to allow staff exchanges
As a result from the Roundtable, MAS and CSRC also signed a Staff Exchange MoU. This agreement will facilitate staff exchanges between the two regulators. The aim of this it to deepen the working relationship between the two watchdogs as well as help build a mutual understanding.
According to the statement, MAS and CSRC also discussed enhancing the cross-border supervision of each other’s capital markets, the application of data Analytics and the role of capital markets supporting the Belt and Road Initiative.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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