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Saudi Central BankSaudi Central BankAboutMemorandums Of Understanding Between Saudi Central Bank And Other Central Banks, And International Organizations
Memorandums Of Understanding Between Saudi Central Bank And Other Central Banks, And International Organizations

Content Editor ‭[2]‬

SAMA attaches importance to having memorandums of understanding (MOUs) with other central banks and supervisory authorities, which contributes in enhancing its efficiency. Thus, SAMA has already signed MOUs, namely:​

Content Editor ‭[1]‬

​Overview

Date signed

Agreement / MOU

Authority

Country

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The Memorandum of Understanding aimed at enhancing  collaboration in various areas, including the exchange of information, implementation of procedures of regulation, and supervision on financial institutions. This was to foster mutual interests based on reciprocity principle, laws, and regulations.

The Memorandum of Understanding was signed on 23\10\1440H, corresponding to 26\06\2019.

The Saudi Central Bank (SAMA), the Financial Services Commission (FSC), and the Financial Supervisory Service (FSS) of the Republic of Korea signed the Memorandum of Understanding to promote cooperation in the field of regulation and supervision on financial institutions.

 

The Financial Services Commission (FSC).

 

The Financial Supervisory Service (FSS).

The Republic of Korea.

The Memorandum of Understanding aimed at enhancing collaboration in various areas, including the exchange of information, implementation of procedures of regulation, and supervision on financial institutions. This was to foster mutual interests based on reciprocity principle, laws, and regulations.

The Memorandum of Understanding was signed on 08\3\1441H, corresponding to 05\11\2019. 

The Saudi Central Bank (SAMA) and Dubai Financial Services Authority (DFSA) signed a Memorandum of Understanding in the field of financial services.

Dubai Financial Services Authority (DFSA).

United Arab Emirates.

The Memorandum of Understanding aimed to  establish   a collaborative framework in  diverse fields such as financial services and markets to achieve goals, enhance bilateral cooperation, and exchange relevant knowledge.

The Memorandum of Understanding was signed on 21\09\1439H, corresponding to 06\06\2018.

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The Kingdom of Saudi Arabia and the government of United Arab Emirates signed a Memorandum of Understanding in financial markets services field. 

The Central Bank of the UAE (CBUAE).

United Arab Emirates.

The Memorandum of Understanding aimed to establish a collaborative framework  in  areas related to the Central Bank’s mandate. It also aimed to develop cooperation, exchange  information, and share expertise, which improved the performance of supervisory functions over entities under their legal oversight. This was  in accordance with the regulations and laws of the two countries, with the common aim of achieving  mutual interests.

The Memorandum of Understanding was signed on 21\5\1445H, corresponding to 05\12\2023. 

The Saudi Central Bank (SAMA) and Qatar Central Bank (QCB) signed a Memorandum of Understanding to achieve mutual cooperation whiting the central banks framework. 

Qatar Central Bank.

Qatar.

The Memorandum of Understanding aimed to facilitate the exchange of expertise and knowledge sharing in areas related to regulatory issues, laws policies, and best practices in the field of financial innovation.

The Memorandum of Understanding was signed on 08\1\1445H, corresponding to 26\07\2023.

 

The Saudi Central Bank (SAMA) and Hong Kong Monetary Authority (HKMA) in China signed the Memorandum of Understanding to achieve cooperation in the field of financial innovation.  

Hong Kong Monetary Authority (HKMA).

Hong Kong special administrative region of the People’s Republic of China.

The cooperation agreement on Fintech and innovation aimed to establish a collaborative framework between the innovation functions in both parties, to support the development of the infrastructure of the Fintech industry and link innovation solutions with our regulatory sandbox.

The cooperation agreement was signed on 03\04\1445H, corresponding to 18\10\2023.

 

 The cooperation agreement was signed by the Saudi Central Bank (SAMA) and the Monetary Authority of Singapore (MAS) in Fintech innovation field. 

Monetary Authority of Singapore (MAS) .

Republic of Singapore.

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