Banks in Macao are regulated under the provisions of the “Financial System Act” which was formulated in accordance with the standards set by the Basel Committee on Banking Supervision. Based on the Financial System Act, AMCM issues rules and guidelines to be complied by banks to ensure that they are operating in a prudent manner and in line with internationally accepted standards and practices.
These rules and guidelines are being constantly revised to cope with the ever evolving international standards for prudential regulation and supervision.