Singapore, France partner to ease cross-border operations of fintech companies

[mlawson71]

The Monetary Authority of Singapore (MAS) said it has partnered with the authorities in France to enhance fintech cooperation between the two countries. It has signed cooperation agreements with the Autorite de Controle Prudentiel et de Resolution (ACPR) and the Autorite des Marches Financiers (AMF).

Thanks to the agreements, the authorities will share information about emerging fintech trends, potential joint innovation projects, and regulatory matters.

Now that's an interesting partnership.

 

[Michael J. Fletcher]

Fintech is going to live millions of people out of their jobs.

 

[smallStops]

I am aware that some important presidential élections are due in less than 3 weeks in France.
If a certain woman manage to get the voters to forget she is a woman ( France has still a very strong image of what a woman's role is all about), all hell will break lose. Better to wait and see who gets to be President, even if analysts are forecasting a no-FN win.

 

[mlawson71]

This deal with the French AMF seems to be a part of a deliberate policy on the side of the Singaporean regulator. It has also collaborated with its Japanese counterpart, the Financial Services Agency (FSA), to establish a joint framework to enhance fintech linkages between the two countries. The move aims to reduce regulatory uncertainty and barriers to entry in the market.