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.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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Looking to expand your network in #Africa?
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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