128 views
Photo by Austin Distel on Unsplash

SG, UK deepen financial partnership

The parties agreed to collaborate on sustainable finance, amongst others.

Singapore and the United Kingdom agreed to cooperate on areas such as sustainable finance, FinTech and innovation in a bid to deepen their financial partnership.

During the parties’ Financial Dialogue, Singapore and the UK inked a Memorandum of Understanding on the UK-Singapore FinTech Bridge which seeks to “support continued growth, investment, and technological innovation in the sector, building on active interest of FinTech players in the areas of payments, RegTech and wealth management.”

The parties likewise discussed joint interests such as the need to mobilise capital to develop economies to finance the transition to net zero and a globally consistent framework for nature-based disclosures, the implementation of International Sustainability Standards Board (ISSB) disclosure standards, and combat greenwashing.

On FinTech and innovation, the countries discussed risks and challenges relating to financial stability and regulatory arbitrage and shared their progress in strengthening rules on consumer protection and developing the regulation of stablecoins. 

Both agreed on the need to support the safe development of a digital assets ecosystem while ensuring that risks posed by digital assets are consistently managed. 
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.