Representatives of the State Secretariat for International Finance (SIF) and Monetary Authority of Singapore (MAS) met in Bern to deepen their bilateral cooperation and exchange views on domestic and international financial market developments and policies.
MAS and the Swiss Financial Market Supervisory Authority (FINMA) also signed a cooperation agreement to foster greater collaboration in FinTech. The financial dialogue was led by Ambassador René Weber, Head of the Markets Division in the State Secretariat for International Financial Matters (SIF), with representatives from FINMA and the Swiss National Bank (SNB). Jacqueline Loh, Deputy Managing Director of MAS, headed the Singapore’s delegation. The dialogue touched on current interests in the global economic and financial markets, international financial regulatory reform and financial industry developments. The cooperation agreement between MAS and FINMA provides a framework for innovative FinTech companies in Singapore and Switzerland to establish initial discussions in each other’s market and understand regulatory requirements, thus helping to reduce regulatory uncertainty and time to market.