About Us
Financial Institutions Division (FID) is the supervisory arm of the Ministry of Finance, overseeing the financial institutions in Brunei Darussalam. Prior to the formation of FID, the supervision of financial institutions was undertaken by separate divisions under the Ministry of Finance. Brunei Currency Board (now known as Brunei Currency and Monetary Board) was responsible for banking supervision and other financial institutions whilst the Economic Development Board was responsible for overseeing insurance activities.
FID’s duties include the licensing and supervision of banks and finance companies (both conventional and Islamic), providers of insurance services (including insurance companies and brokers), and other financial services providers (including money changers and money remittance companies).
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Strengthen Supervision for Financial Sector Stability |
1. Uphold financial stability.
2. Nurture the sense of responsibility towards the public and create financial discipline.
3. Create employment opportunities in the financial sector.
4. Enhance professionalism in the financial sector.
5. Raise public awareness and understanding.
6. Actively involved in financial matters at the international and regional level.
1. Regulate and supervise financial institutions.
2. Approve and issue licence for financial institutions.
3. Implement financial sector policies and guidelines.
4. Adhere to international best practices and standards through regional and international cooperation in the financial sector.