In Temporary
The Financial Authority of Singapore and the State Securities Fee of Vietnam partnered to reinforce the integrity and stability of their capital markets whereas strengthening the regulatory framework for digital belongings in Vietnam.
The Financial Authority of Singapore (MAS) and the State Securities Fee of Vietnam (SSC) have introduced a partnership aimed toward enhancing the integrity and stability of their capital markets whereas fostering connectivity between the 2 nations. This collaboration will deal with strengthening the regulatory framework for digital belongings in Vietnam.
Via a Letter of Intent (LOI), each companies will promote the change of data relating to regulatory constructions for capital markets and digital belongings. Moreover, they are going to share experience in areas corresponding to anti-money laundering and counter-terrorism financing, in addition to develop capacity-building initiatives and mutual experiences within the regulation and oversight of capital markets and digital belongings.
MAS And SSC To Develop Cooperation With LOI
Consultant of Capital Markets on the MAS, said that Singapore and Vietnam have a longstanding partnership in capital markets, which has been strengthened via bilateral engagements and cooperation at numerous regional and worldwide boards. He famous that the signing of the LOI highlights their mutual dedication to safeguarding the integrity and stability of their capital markets whereas enhancing cross-border connectivity. LOI would facilitate mutual studying and deepen collaboration between MAS and the SSC.
In the meantime, Ms. Vu Thi Chan Phuong, Chairperson of the SSC, remarked that the connection between Vietnam and Singapore has advanced right into a Complete Strategic Partnership, with financial, monetary, and funding cooperation changing into more and more profound and efficient.Â
She indicated that the LOI marks an vital development, laying a basis for each capital market regulators to reinforce cooperation, change experience, and share experiences. This, she added, would contribute to the general growth of the capital market and the digital asset sector, finally making certain the integrity of the monetary markets in each nations and the broader area. LOI is anticipated to advertise secure, truthful, clear, and sustainable progress within the capital and digital asset markets of each nations transferring ahead.
Final yr, the SSC engaged in discussions with MAS relating to the potential for the inventory market, in search of MAS‘s help in refining laws to advertise the event of the Vietnamese inventory market. This initiative obtained a good response, with each events expressing a dedication to reinforce cooperation. In addition they deliberated on numerous insurance policies aimed toward creating the inventory market, together with subjects corresponding to pre-trade margin exemptions, central counterparty companions (CCP), and clearing and settlement processes.Â
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About The Writer
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
