The Monetary Authority of Singapore has signed a memorandum of understanding with the Qatar Financial Center Regulatory Authority, the independent regulator of all financial institutions in Qatar Financial Center for supervisory co-operation.

The memorandum of understanding (MoU) provides a formal basis for supervisory co-operation between the Monetary Authority of Singapore (MAS) and the Qatar Financial Center Regulatory Authority in banking, insurance and capital markets.

The proposed agreement paves the way for sharing of supervisory information between the two authorities to strengthen the supervision of cross-border operations of financial institutions under their purview.