Press Releases
|Published Date: 14-08-2025
Brunei Darussalam Central Bank and Monetary Authority of Singapore Reaffirm Bilateral Cooperation
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Bandar Seri Begawan, 14 August 2025 – Brunei Darussalam Central Bank (BDCB) and the Monetary Authority of Singapore (MAS) reaffirmed their long-standing relationship at the fifth BDCB-MAS Bilateral Roundtable.
BDCB and MAS exchanged views on recent global and regional economic trends as well as developments in payments connectivity. They also discussed plans to commemorate the 60th Anniversary of the Currency Interchangeability Agreement (CIA) in 2027.
During the Roundtable, BDCB Managing Director, Yang Mulia Hajah Rashidah binti Haji Sabtu, and MAS Managing Director, His Excellency Chia Der Jiun, signed a Memorandum of Understanding (MoU) to establish a reciprocal cross-border collateral arrangement (CBCA). This arrangement will allow both authorities to accept a wider range of collateral in their liquidity provisioning facilities, providing financial institutions across the jurisdictions greater flexibility in their liquidity management and helping maintain financial stability in both countries.
BDCB Managing Director Hajah Rashidah remarked, “The Bilateral Roundtable stands as a testament to the strong relationship between BDCB and MAS. It is a valuable platform to enhance collaboration on areas of mutual interest and strategic importance. As longstanding partners, our continued cooperation is vital in navigating the evolving regional economic landscape.”
Expressing appreciation for BDCB’s hosting of the Roundtable, MAS Managing Director, Chia Der Jiun said, “The CBCA MoU further strengthens collaboration between MAS and BDCB and deepens our close bilateral relations. We look forward to commemorating the 60th Anniversary of the CIA in the near future.”
About Brunei Darussalam Central Bank
Brunei Darussalam Central Bank (BDCB) is committed to achieving and maintaining a sound and dynamic financial system through the implementation of measures and execution of financial sector reforms in line with the national economic development objectives. These include ensuring the stability of domestic prices, maintaining the stability of the financial system by formulating financial regulations and prudential standards, assisting in the establishment and functioning of efficient payment systems and subsequently overseeing them, and fostering and developing a sound and progressive financial services sector.
About the Monetary Authority of Singapore
The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator. As a central bank, MAS promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore’s exchange rate, official foreign reserves, and liquidity in the banking sector. As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore – banks, insurers, capital market intermediaries, financial advisors and financial market infrastructure. It is also responsible for well-functioning financial markets, sound conduct, and investor education. MAS also works with the financial industry to foster the growth of Singapore as an international financial centre.
For media queries, please contact:
Monetary Authority of Singapore
Davelle Sim
Assistant Director (Corporate Communications)
Tel: 6422 5564
Email: davelle_sim@mas.gov.sg
Brunei Darussalam Central Bank
Syukrina Roselan
Senior Manager (Communications)
Tel: +673 8318388
