Labuan Financial Services Authority and Financial Supervisory Commission (FSC), Taiwan Signed Mou for Mutual Cooperation in the Field of Financial Supervision
LABUAN FINANCIAL SERVICES AUTHORITY AND FINANCIAL SUPERVISORY COMMISSION (FSC), TAIWAN SIGNED MOU FOR MUTUAL COOPERATION IN THE FIELD OF FINANCIAL SUPERVISION
Taiwan, 5 November 2014 - The Labuan Financial Services Authority (Labuan FSA) and Financial Supervisory Commission (FSC), Taiwan today signed a Memorandum of Understanding (MoU) that covers the supervisory cooperation and mutual assistance in the fields of banking, insurance, securities and futures. The MoU includes rules that set out principles regarding how supervisory information is to be exchanged, the purpose of such exchanges, and the maintenance of confidentiality; the cooperation of on-site examinations, training and staff development; etc. Hereafter, the Labuan FSA and FSC will be able to further strengthen financial supervisory cooperation via this MoU.
The MoU was signed by the Deputy Director-General of Labuan FSA, Mr Danial Mah Abdullah and Director General of International Affairs, FSC, Taiwan, Mr Joe Lai.
Labuan Financial Services Authority
5 November 2014
FOR FURTHER INFORMATION, PLEASE CONTACT:
Corporate Communication & External Relations Unit
