Singapore, Hong Kong sign agreement on regulation

SINGAPORE - The Monetary Authority of Singapore (MAS) signed a Memorandum of Understanding (MOU) Friday with the Office of the Commissioner of Insurance of Hong Kong (OCI) for cooperation in regulation of the insurance industry.

Under the MOU signed by MAS executive Director (Insurance) Hauw Soo Hoo and the OCI Commissioner of Insurance Benjamin Tang, MAS and OCI agreed to provide mutual assistance and exchange information in connection to the regulation of the insurance industry in their res