The financial services convergence, globalization,
and growth of financial conglomerates have provided impetus
for financial regulators to share and exchange information.
To enhance cross-border and cross-sectoral supervisory cooperation,
the Insurance Authority ("IA") has signed separate
Memorandum of Understanding ("MoU") with different
overseas and local financial services regulators. The MoU
seeks to provide an effective framework of cooperation, including
channels for communication, mutual understanding, exchange
of information and investigative assistance, between the signatory
regulators.
