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Compliance Corner: Hong Kong's SFC, Singapore's MAS

Editorial Staff

14 April 2022

Hong Kong’s , the regulator, and Australia’s Treasury department signed a “bridge agreement,” following talks between the two countries in June last year, MAS said in a statement yesterday. 

“The FinTech Bridge aims to build on the overarching framework for digital economy cooperation under the Australia-Singapore Digital Economy Agreement to deepen collaboration between the FinTech ecosystems of both countries,” MAS said. 

The agreement will, among other features, support mutual establishment of fintech businesses seeking to expand in each other’s markets, explore opportunities and cut barriers to entry. It will also build links between industry groups, regulators and policy officials.