Compliance

Singapore, Poland Embark On New Regulatory Initiative

Josh O'Neill Assistant Editor November 16, 2017

Singapore, Poland Embark On New Regulatory Initiative

This is the latest in a long string of regulatory agreements signed by Singapore's de facto central bank and regulator.

Singapore and Poland have inked a new deal laying the groundwork for cooperation and referrals between the two countries’ financial watchdogs. 

The agreement between the Monetary Authority of Singapore (MAS) and the Polish Financial Supervision Authority (KNF), announced yesterday, enables both regulators to refer financial technology firms to one another and help them better understand the regulatory regime. 

The framework also outlines how MAS and KNF plan to explore “innovation projects” together, and how they will share information on emerging market trends and related regulatory implications. 

“This agreement signifies MAS and KNF’s commitment to accelerate the growth of fintech in our respective regions, through collaboration and exchanges between both ecosystems,” said MAS deputy managing director, Jacqueline Loh. “We believe that it will create more value-adding opportunities and platforms for knowledge exchange between both jurisdictions.”

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