The Government of Brunei Darussalam

index_menu.jpg (25450 bytes)

.
crest.jpg (4328 bytes)
header2.jpg (3346 bytes)
Ministry of Finance

Mission

To develop a sound, dynamic and innovative financial system in Brunei Darussalam.

Objectives

  • Nurturing the sense of responsibility towards public
  • To develop a sound, dynamic and innovative financial system
  • To create employment opportunities in financial sector
  • To maintain a stable financial position
  • To actively involve in international and regional financial activities
  • To upgrade the professionalism in the financial sector

Functions

  • Licensing and supervision
  • Supervision and administration of relevant acts
  • Nurturing financial discipline
  • Formulation and implementation of guidelines and policies pertaining to financial sector
  • Supervision and inspection of financial institutions
  • Planning and implementation of human resources development in Financial Institutions Division
  • Development of International Offshore Financial Centre
  • Development of Government Bonds
  • Regional and International Cooperation :
    • International Monetary Fund
    • World Bank
    • BIMP-EAGA Working Group for Capitalisation and financial services
    • ASEAN Reinsurance


Responsibilities

  • To administer Banking Act Cap. 95, Emergency (Islamic Bank) Order, 1992 and Emergency (Islamic Trust Fund), Order 1991
  • To administer Finance Companies Act Cap. 89, Emergency (Finance Companies Act) (amendment) Order, 1995 and Companies Act Cap. 39
  • To administer Currency Act Cap. 32 (including Foreign Exchange Control Act Cap. 141)
  • To administer Emergency (Money Changer and Remittance Businesses) Order, 1994
  • Insurance (Motor Vehicles Third Party Risks Act Cap. 90) and Takaful
  • To assist in Policy Formulation and Monetary Policy Planning
  • To liase with Brunei Currency Board on administration matters

 


|| Ministry of Finance | Sections  | DepartmentsServices | FeaturesStatistics | Feedback | Updates ||

|| Home | Government | Ministries and Departments | About Brunei | On-line News | Important Contacts ||