130 views
Photo by Pang Yuhao on Unsplash

SG, UK boost cooperation in sustainable finance and fintech

The countries will cooperate on seven key areas.

Singapore and the United Kingdom have agreed to further collaborate on joint projects in the areas of sustainable finance and fintech and innovation.

As partners, SG and the UK will develop approaches that facilitate and scale financing to support the transition of economies to net zero.

Both parties also reaffirmed the need to deepen the understanding of nature and biodiversity loss and its impact on the financial sector by welcoming an upcoming joint research project on nature-related financial risks in Southeast Asia involving the University of Cambridge Institute for Sustainability Leadership (CISL) and the Singapore Green Finance Centre.

On fintech and innovation, the parties have agreed to contribute to efforts to develop global regulatory standards for crypto and digital assets as part of international standard-setting bodies such as IOSCO, and working groups under the Financial Stability Board (FSB).

Other areas in the fintech and innovation space which the two countries plan to collaborate on are Central Bank Digital Currency (CBDC), Project Guardian, and e-wallets.
 

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.