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The Reserve Bank of India on Thursday signed a Memorandum of Understanding (MoU) for supervisory cooperation and exchange of supervisory information with the Monetary Authority, Hong Kong.
With this, the Reserve Bank has signed MoUs with 21 supervisors and one letter for supervisory co-operation.
The MoU with Hong Kong Monetary Authority was signed in Hong Kong by Arthur Yuen, Deputy Chief Executive, Banking, the Monetary Authority, Hong Kong and Harun R. Khan, Deputy Governor, Reserve Bank of India.
The Reserve Bank of India 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.
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