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UK-Singapore Financial Dialogue Advances Sustainable Finance and Fintech Collaboration

ESGUK-Singapore Financial Dialogue Advances Sustainable Finance and Fintech Collaboration

HM Treasury and the Monetary Authority of Singapore (MAS) recently held their eighth UK-Singapore Financial Dialogue in London. Discussions centered on enhancing collaboration in sustainable finance and fintech.

Both nations emphasized the importance of accelerating the transition to net zero financing and tackling emission reductions. Singapore presented initiatives aimed at addressing energy transitions in Asia.

The dialogue also addressed global sustainability standards, the International Sustainability Standards Board (ISSB), and the urgency of prioritizing ESG and sharing related data.

In the realm of nature and biodiversity, the countries stressed the need for attention and announced a joint research project on nature-related financial risks in Southeast Asia.

Digital assets and central bank digital currencies (CBDCs) were also discussed, aiming to promote interoperability between the UK’s Digital Pound and Singapore’s digital Singapore Dollar initiatives.

Overall, this dialogue serves to strengthen international cooperation in vital areas like sustainable finance and fintech development.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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