Thursday, July 17, 2014

#RBI and Monetary Authority of Hong Kong ink MoU for exchange of supervisory information

The Reserve Bank of India today signed a Memorandum of Understanding (MoU) supervisory cooperation and exchange of supervisory information with the Monetary Authority, Hong Kong. With this, the Reserve Bank has signed MoUs with 21 supervisors and one letter for supervisory co-operation.

The MoU with Monetary Authority, Hong Kong was signed by Mr. Arthur Yuen, Deputy Chief Executive, Banking, the Monetary Authority, Hong Kong and Shri Harun R. Khan, Deputy Governor, Reserve Bank of India. The signing ceremony was held at the Monetary Authority office in Hong Kong. The Consul General of India to Hong Kong SAR was also present.

The Reserve Bank of India 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.