Brunei and Singapore sign MOU on cross-border collateral framework
Brunei Darussalam Central Bank (BDCB) and the Monetary Authority of Singapore (MAS) have signed a memorandum of understanding (MOU) to establish a reciprocal cross-border collateral arrangement.
The agreement will enable both central banks to accept a broader range of collateral in their liquidity facilities, giving financial institutions greater flexibility in managing liquidity across jurisdictions, the regulators said in a joint statement.
The MOU was signed by BDCB managing director Yang Mulia Hajah Rashidah binti Haji Sabtu and MAS managing director Chia Der Jiun during the fifth BDCB-MAS bilateral roundtable in Brunei on 14 August 2025.
The roundtable also covered discussions on global and regional economic trends, payments connectivity, and preparations to mark the 60th anniversary of the Currency Interchangeability Agreement (CIA) in 2027.
Chia said the new arrangement would “further strengthen collaboration between MAS and BDCB and deepen bilateral relations.”
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