The Monetary Authority of Macau (AMCM) announced today that it has signed an agreement with the National Bank of Angola in the area of financial supervision.
The memorandum of understanding (MoU), signed with the central bank of Angola on 6 July at a distance, defines “the framework of cooperation between the two parties” in matters of collaboration in “financial supervision, exchange of information, crisis management, exchange of staff, among others,” reads a statement from the AMCM.
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The aim, the note from Macau’s financial regulator adds, is to “enable the joint maintenance of stable operation of the financial institutions of the two jurisdictions, under a mechanism of cooperation of sound financial supervision. The AMCM believes that this agreement will contribute to greater “articulation with the central banks of the Portuguese-speaking countries” and promote Sino-Lusophone “multilateral cooperation.
In this sense, the statement concludes, this will be a way to solidify “Macau’s role as a platform for the provision of financial services between China and the Portuguese-speaking countries.”
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To Lusa, the AMCM said that, “due to the pandemic,” the memorandum of understanding “was not signed in person,” but “sent to the other party by courier services and then signed.”
