The Monetary Authority of Singapore has entered into a Memorandum of Understanding with the Bank of Thailand (BOT) aimed at bolstering cybersecurity cooperation and shielding both nations’ financial sectors from digital fraud.
The agreement formalises and broadens work already underway between the two authorities, putting a structured framework around efforts to reinforce cyber resilience and tackle fraudulent activity across their respective markets.
The pact was signed by MAS managing director Chia Der Jiun and BOT governor Vitai Ratanakorn while the latter was in Singapore attending the 31st Executives’ Meeting of East Asia-Pacific (EMEAP) Central Banks Governors’ Meeting, held from 22 to 24 July 2026. According to the two institutions, the arrangement responds to the mounting need for regulators to coordinate closely as cyber threats and fraud schemes grow more sophisticated within a deeply interconnected financial ecosystem.
Under the framework, the regulators will exchange regulatory updates, incident notifications and threat intelligence relevant to the financial sector. They will also pursue competency-building through joint staff training, study visits and the sharing of research and policy insights, deepening technical collaboration between the two organisations. A third strand covers operational preparedness, with the pair set to run joint cross-border cybersecurity and crisis management exercises.
MAS oversees Singapore’s financial system, while BOT serves as Thailand’s central bank, with both bodies responsible for safeguarding the stability and integrity of their domestic financial sectors.
MAS managing director Chia Der Jiun said, “Cyber risks and digital fraud are key transnational threats confronting our region and calls for closer collaboration to combat these risks. This MoU will facilitate such enhanced partnership and collaboration between MAS and BOT, reflecting our shared commitment to safeguarding trust and resilience in our financial systems.”
BOT governor Vitai Ratanakorn said, “As cyber threats and digital fraud continue to evolve rapidly amidst growing financial connectivity and technological advancement, closer collaboration between MAS and BOT will help deepen mutual capabilities and achieve seamless cross-border intelligence exchange to counter emerging threats. This MOU reflects our shared intention to build a safe and resilient financial ecosystem, and marks an important step towards sustained and impactful interoperation between the two organisations.”
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