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SINGAPORE : The Central Bank of Bahrain and the Monetary Authority of Singapore have signed an agreement that provides a formal basis for supervisory cooperation and mutual support.
It paves the way for sharing of information between the two central banks to strengthen the supervision of cross-border operations of financial institutions under their regulation.
The agreement will also facilitate staff training and technical assistance between the two central banks.
MAS managing director Heng Swee Keat, who signed the agreement, said the agreement would deepen the financial cooperation between the two institutions, as well as between the private sector in both countries.
The agreement was signed on the sidelines of the 16th World Islamic Banking Conference in Bahrain. - CNA/ms
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