皇冠体育app

• Chancellor agrees new financial partnership between UK and Singapore
• Will facilitate closer regulatory cooperation and help to boost jobs, trade and investment
• UK and Singapore also commit to strengthen cooperation on areas such as fintech, green finance and cyber security

皇冠体育app Financial Partnership is a new agreement which will support increased financial services activity between the two countries. 皇冠体育app Partnership will facilitate closer cooperation, greater information sharing and opportunities to boost trade and investment.

This is part of the government鈥檚 plan to ensure the UK remains a leading global financial centre and marks an important development in the UK鈥檚 strategy of pursuing global financial partnerships now that the UK has left the EU.

皇冠体育app Partnership was agreed by Rishi Sunak and Singapore鈥檚 Senior Minister and Chairman of the Monetary Authority of Singapore, Tharman Shanmugaratnam.

Speaking after the signing, the Chancellor of the Exchequer, Rishi Sunak said:

Our financial services industry helps to grow the economy and create jobs, and today鈥檚 agreement is a landmark step in showing the UK - as one of the world鈥檚 preeminent financial centres - is both open to the world and committed to maintaining the highest standards of regulation.

Our financial partnership will help increase investment and trade with Singapore and the Asia-Pacific region and boost collaboration on important areas such as fintech and green finance.

皇冠体育app Partnership is backed up by a memorandum of understanding which aims to reduce frictions for firms serving UK and Singapore markets by recognising that each other鈥檚 financial services regulatory regimes achieve similar outcomes.

皇冠体育app agreement comes as a result of the sixth UK-Singapore Financial Dialogue which took place today. During the discussions, the UK and Singapore reiterated the importance of green finance and encouraging the development of carbon markets. Both parties also agreed to cooperate on fintech and had a productive conversation on recent technological developments including new payment methods, such as e-wallets, and digital financial services, and agreed to continue sharing information.

An additional memorandum of understanding on cybersecurity was also signed, providing a formal basis for co-operation between the UK and Singapore on the finance sector鈥檚 cybersecurity, in order to improve the resilience of both nations鈥� financial systems.

Further information:

• photos of the signing will be available from

• Joint UK-Singapore statement and Memorandum of Understanding