The United Kingdom and Singapore have strengthened their financial cooperation during the 10th UK-Singapore Financial Dialogue, held in London on July 2. The milestone meeting brought together regulators, policymakers, and financial leaders from both countries to advance joint initiatives in digital finance, artificial intelligence (AI), sustainable finance, and capital markets development.
A central theme of the Dialogue was collaboration on digital innovation. The UK’s Financial Conduct Authority (FCA) and Singapore’s Monetary Authority (MAS) agreed to deepen work on asset tokenisation through partnerships with their respective investment associations. They also committed to a new joint AI initiative, launching with the FCA-MAS AI Innovation Showcase in London, featuring cross-border AI applications in financial services.
Both sides discussed regulatory approaches to AI adoption, emphasizing the need for responsible innovation and shared learning. The UK also shared insights from its participation in the Global Layer One initiative, while Singapore outlined progress on its blockchain and tokenisation efforts under Project Guardian.
Sustainable finance was another major focus. The UK presented updates on its Transition Finance Council and the Prudential Regulation Authority’s proposals for managing climate-related risks. Singapore highlighted the growing adoption of its Singapore-Asia Taxonomy and involvement in global sustainability frameworks.
To strengthen carbon markets, both nations pledged to cooperate on high-integrity voluntary carbon credits. The UK is developing a governance framework to boost confidence in these markets. Meanwhile, Singapore is exploring transition credits to scale participation from financial institutions.
The Dialogue also addressed ESG disclosures, with both countries supporting alignment with International Sustainability Standards Board frameworks. The UK shared progress on its Sustainability Disclosure Requirements and ESG rating regulation.
In capital markets, the UK discussed pension reforms and plans for a T+1 settlement cycle by 2027. MAS shared new measures to deepen liquidity and improve Singapore’s equity ecosystem.
Officials reaffirmed commitments to Basel III implementation, financial stability, and future cooperation. The next UK-Singapore Financial Dialogue will be hosted in Singapore in 2026.
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