RBI signed an MoU for supervisory cooperation and exchange of supervisory information with the Hong Kong Monetary Authority
The Reserve Bank of India (RBI) has signed a memorandum of understanding (MoU) with the Monetary Authority of Hong Kong for exchange of supervisory information.
“The RBI on Thursday signed an MoU for supervisory cooperation and exchange of supervisory information with the Monetary Authority, Hong Kong,” the central bank said in a release.
The MoU was signed by Arthur Yuen, deputy chief executive for banking, at the Monetary Authority, Hong Kong and Harun R Khan, deputy governor of RBI.
The signing ceremony was held at the Monetary Authority office in Hong Kong.
RBI has been signing the MoU and Letters for Supervisory Cooperation with supervisors of other countries to promote greater co-operation, including sharing of information about the supervised entities among the national authorities.
With this, the central bank has signed MoUs with 21 supervisors for supervisory co-operation.
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