BBrunei Darussalam Central Bank (BDCB) and the Monetary Authority of Singapore (MAS) signed a Memorandum of Understanding (MoU) to establish a reciprocal cross-border collateral arrangement (CBCA). This arrangement will allow both authorities to accept a wider range of collateral in their liquidity provisioning facilities, providing financial institutions across the jurisdictions greater flexibility in their liquidity management and helping maintain financial stability in both countries.
BDCB managing director Hajah Rashidah said in a statement: “The Bilateral Roundtable stands as a testament to the strong relationship between BDCB and MAS. It is a valuable platform to enhance collaboration on areas of mutual interest and strategic importance. As long-standing partners, our continued cooperation is vital in navigating the evolving regional economic landscape.”
MAS Managing Director, Chia Der Jiun said in a statement: “The CBCA MoU further strengthens collaboration between MAS and BDCB and deepens our close bilateral relations.”