SINGAPORE, July 24 — The Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) have signed a memorandum of understanding (MoU) to strengthen cooperation on cybersecurity and digital fraud protection, as both regulators seek to bolster resilience across their financial sectors.

The agreement formalises and expands existing collaboration between the two central banks amid growing cyber threats and increasingly sophisticated digital fraud risks in an interconnected financial ecosystem.

The MoU was signed by MAS Managing Director Chia Der Jiun and BOT Governor Vitai Ratanakorn during the latter’s visit to Singapore for the 31st Executives’ Meeting of East Asia-Pacific (EMEAP) Central Banks Governors’ Meeting, held from July 22 to 24.

Under the agreement, MAS and BOT will cooperate in three key areas: sharing information on cybersecurity and digital fraud, building capabilities through joint training and research exchanges, and enhancing operational preparedness through cross-border cybersecurity and crisis management exercises.

The two regulators will exchange regulatory updates, cyber incident information and threat intelligence affecting the financial sector to strengthen their ability to respond to emerging risks.

Chia said cyber risks and digital fraud are major cross-border threats facing the region and require closer collaboration among regulators.

“This MoU will facilitate enhanced partnership and collaboration between MAS and BOT, reflecting our shared commitment to safeguarding trust and resilience in our financial systems,” he said.

Vitai said closer cooperation would strengthen both institutions’ capabilities and enable more seamless cross-border intelligence sharing as cyber threats continue to evolve alongside growing financial connectivity and technological advancement.

He said the agreement reflects the two central banks’ shared commitment to building a safe and resilient financial ecosystem while laying the foundation for sustained cooperation in addressing emerging cyber threats.