HKMA and BSP held a bilateral meeting on 28 March 2025 to discuss central banking cooperation, capital market development, digital payments, digital banking, sustainable finance, cybersecurity, consumer protection, digital financial literacy, climate risk stress testing, and green finance initiatives.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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SPOTLIGHT ON
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On 28 March, Mr Eddie Yue, Chief Executive of the Hong Kong Monetary Authority ("HKMA"), and Dr Eli M. Remolona, Jr., Governor of the Bangko Sentral ng Pilipinas ("BSP"), led a bilateral meeting in the Philippines aimed at fostering closer ties and cooperation between their institutions.
During the meeting, hosted by the BSP, representatives from both central banks exchanged insights on capital market development, digital payments and connectivity, digital banking, and sustainable finance. Specific topics discussed included bond market ecosystems, multilateral digital payment projects, cybersecurity risk management, digital financial literacy, and climate risk stress testing.
The HKMA and the BSP also explored potential collaborative initiatives to further enhance their longstanding cooperation and strengthen their bilateral ties.
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