UK and Singapore agree post-Brexit deal for financial services



Reuters Staff | Reuters

Britain said on Wednesday it had agreed a partnership for financial services with Singapore as part of its push for post-Brexit trade and investment deals.

“Our financial partnership will help increase investment and trade with Singapore and the Asia-Pacific region and boost collaboration on important areas such as fintech and green finance,” British finance minister Rishi Sunak said.

The agreement includes a memorandum of understanding which seeks to reduce burdens for firms operating in British and Singapore markets by recognising that their financial services regulatory regimes achieve the same outcomes.

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