FinTech cooperation framework set up between Singapore, Japan

SINGAPORE (March 13): The financial regulatory bodies of Singapore and Japan have reached an agreement to enhance FinTech linkages between the two countries.

The Monetary Authority of Singapore (MAS) and Japan’s Financial Services Agency (FSA) announced the establishment of the FinTech Co-operation Framework in a joint press statement on Monday.

The agreement not only enables the entities to refer FinTech companies in their countries to each other’s markets, but also outlines how the referred companies can initiate discussions with the regulatory bodies in the respective jurisdictions and receive advice on their regulatory frameworks, such as required licences.

---

Related Stories

• Suntec REIT biggest beneficiary from MAS’s ‘looser’ leverage, ICR rules: OCBC
• Banks in Singapore can withstand multiple shocks: MAS
• Changes in ICR, leverage to come into effect immediately, with additional disclosures in March

---