Singapore, 7 September 2017… The United Kingdom (UK) and Singapore held the third UK-Singapore Financial Dialogue in Singapore today. Both sides exchanged views on domestic and international financial market developments and covered a broad range of areas encompassing the global economy, regulatory developments, FinTech and cyber-security.
2. The Dialogue was chaired by Ms Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore (MAS), and Ms Katharine Braddick, Director General (Financial Services) of HM Treasury, and attended by the British High Commissioner to Singapore, Scott Wightman, and senior officials from MAS, HM Treasury, the Financial Conduct Authority (FCA), Department for International Trade and the Foreign and Commonwealth Office.
3. The Dialogue discussions identified areas of joint interest and fostered a commitment for further collaboration across a number of issues, including market access, cyber-security, and FinTech. For example, the UK and Singapore have committed to strengthening financial and economic links by building on the existing UK-Singapore FinTech Bridge1 to ensure that it delivers the support needed by UK and Singaporean firms when they venture into each other’s markets.
4. The Dialogue also affirmed support for greater interaction between the financial industry players of both countries, and welcomed the industry roundtable that will take place on 8 September 2017 for industry leaders to discuss topics of mutual interest, as well as to strengthen private sector collaboration.
1 As part of the FinTech Bridge, a Co-operation Agreement on FinTech was signed between the FCA and MAS on 11 May 2016.