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Chia Der Jiun (MAS)

Singapore, Brunei establish reciprocal cross-border collateral arrangement

This will allow them to accept a wider range of collateral in their facilities.

Brunei and Singapore have inked a memorandum of understanding (MOU) to establish a reciprocal cross-border collateral arrangement.

This arrangement will allow both authorities to accept a wider range of collateral in their liquidity provisioning facilities, providing financial institutions across jurisdictions greater flexibility in their liquidity management, according to a joint release by the central banks of both countries.

Brunei Darussalam Central Bank (BDCB) managing director Yang Mulia Hajah Rashidah binti Haji Sabtu and Monetary Authority of Singapore (MAS) managing director Chia Der Jiun inked the MOU during the fifth BDCB-MAS bilateral roundtable held in Brunei, 14 August 2025.

During the roundtable, representatives from the two central banks exchanged views on global and regional economic trends, as well as payments connectivity developments, according to a joint statement.

They also discussed plans to commemorate the 60th anniversary of the currency interchangeability agreement (CIA) in 2027.

“The CBCA MOU further strengthens collaboration between MAS and BDCB and deepens our close bilateral relations. We look forward to commemorating the 60th anniversary of the CIA in the near future,” said Chia. 

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