Britain said it had agreed a partnership for financial services with Singapore as part of its push for post-Brexit trade and investment deals.
"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," British finance
minister Rishi Sunak said.
The
agreement includes a memorandum of understanding which seeks to reduce
burdens for firms operating in British and Singapore markets by
recognising that their financial services regulatory regimes achieve the
same outcomes.
An
MoU on cybersecurity was also part of the agreement which was struck by
Sunak and the chairman of the Monetary Authority of Singapore, Tharman
Shanmugaratnam, Britain's finance ministry said.
Reuters
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