Reserve Bank of India, Monetary Authority of Hong Kong ink MoU for information exchange

MUMBAI: Reserve Bank of India has inked a memorandum of understanding (MoU) with the Monetary Authority of Hong Kong for exchange of supervisory information.

"The RBI today signed a Memorandum of Understanding (MoU) for supervisory cooperation and exchange of supervisory information with the Monetary Authority, Hong Kong," RBI said in a notification.

The MoU with Monetary Authority, Hong Kong, was signed by Arthur Yuen, Deputy Chief Executive, Banking, the Monetary Authority, Hong Kong and Harun R Khan, Deputy Governor, RBI.

The signing ceremony was held at the Monetary Authority office in Hong Kong.

RBI 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.

With this, RBI has signed MoUs with 21 supervisors for supervisory co-operation.