MAS, Bank Indonesia beef up bilateral cooperation

The institutions will collaborate on payments innovation projects amongst others.

The Monetary Authority of Singapore (MAS) and Bank Indonesia (BI) has agreed to beef up bilateral cooperation and deepen their ties.

Under their memorandum of understanding (MOU), BI and MAS will collaborate on payments innovation projects, and will also “formalise cooperation across an expanded range of central bank and regulatory functions.”

Amongst these functions include monetary policy, macroprudential policy, financial stability, oversight of the payment and settlement systems, regulatory and supervisory frameworks, and anti-money laundering and countering the financing of terrorism.

Projects under the MOU will be implemented through “policy dialogues, exchange of information, technical cooperation, joint innovation, and working-level committees.”

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!