The United Kingdom and Singapore have reinforced their financial collaboration during the 10th UK-Singapore Financial Dialogue held in London on 3 July 2025. The discussions centred on digital finance, innovation, sustainable finance, capital markets, and international regulatory developments, highlighting the ongoing partnership between the two nations.
The dialogue saw both countries exchanging insights on digital finance, particularly in tokenisation and artificial intelligence (AI). The Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS) agreed to enhance their collaboration on Project Guardian, focusing on asset tokenisation. Additionally, they plan to develop joint initiatives on AI, starting with the FCA-MAS AI Innovation Showcase in London.
In sustainable finance, the UK and Singapore shared updates on their respective strategies. The UK discussed its Transition Finance Market Review and the creation of the Transition Finance Council, whilst Singapore highlighted the adoption of the Singapore-Asia Taxonomy. Both nations acknowledged the importance of high-integrity carbon markets and discussed initiatives to promote them.
Capital markets were also a key focus, with the UK outlining recent pension reforms and its commitment to a T+1 settlement cycle by October 2027. MAS provided updates on measures to enhance liquidity and attract quality listings.
The dialogue concluded with a commitment to continue engagement beyond the event, with plans for further cooperation in sustainable finance and innovation ahead of the next dialogue in Singapore in 2026. The event was followed by an industry-led UK-Singapore business roundtable, further solidifying the partnership between the two countries.
“`
