Local and International Cooperation

The Regulatory Authority exists in a financial ecosystem defined by fast-paced contemporary developments presenting opportunities, challenges and risks for the Non-Bank Financial Institutions (NBFI) sector.  The Regulatory Authority has established sound local and international cooperation, which is critical and provides the foundation for an open, fair and sound local NBFI sector. Through cooperation, the Regulatory Authority seeks to make supervision more effective, harmonize practices with other regulators in the region and internationally and combat fraudulent actions of an international nature, ensure adherence to international norms and best practices, exchange of information; reinforce capacity building through cooperation and mutual assistance.