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Photo courtesy of Constantin Wenning (Unsplash)

MAS, IFSCA sign MOU to strengthen supervisory cooperation of financial services

The MOU was signed in the presence of India’s prime minister Narendra Modi.

The Monetary Authority of Singapore (MAS) and the International Financial Services Centre Authority (IFSCA) have exchanged a memorandum of understanding (MOU) on supervisory cooperation in relation to financial services in Singapore and India, which include stock exchanges and technical cooperation.

The MOU signing was done in the presence of Prime Minister Shri. Narendra Modi of India at GIFT City, Gandhinagar.  

The MOU paves the way for mutual assistance and exchange of information between authorities in order to strengthen the supervision and compliance of cross-border operations of exchanges, the joint announcement read. 

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