Britain and Singapore to deepen financial sector links

SINGAPORE - Britain and Singapore aim to deepen collaboration in the financial sector, including in areas related to market access, cybersecurity and fintech.

This was one of the outcomes of the third UK-Singapore Financial Dialogue, held in Singapore on Thursday (Sept 7). Both sides exchanged views on domestic and international financial market developments and also discussed a broad range of areas including the global economy, regulatory developments, fintech and cyber-security.

Britain and Singapore have committed to strengthening financial and economic links by building on the existing UK-Singapore FinTech Bridge to support British and Singaporean firms when they venture into each other's markets.

The dialogue also affirmed support for greater interaction between the financial industry players of both countries.

The dialogue was chaired by Ms Jacqueline Loh, the deputy managing director of the Monetary Authority of Singapore (MAS), and Ms Katharine Braddick, Director General (Financial Services) of HM Treasury. It was attended by the British High Commissioner to Singapore, Mr Scott Wightman, and senior officials from MAS, HM Treasury, the Financial Conduct Authority (FCA), Department for International Trade and the Foreign and Commonwealth Office.