Singapore, 24 April 2015… Monetary Authority of Singapore
Senior officials from the Swiss Federal Department of Finance (FDF), the Swiss National Bank and the Monetary Authority of Singapore (MAS) met today for an inaugural Financial Dialogue. The two delegations were led by Mr René Weber, Head of the Markets Division, FDF, and Ms Jacqueline Loh, Deputy Managing Director, MAS. They exchanged views on global economic and financial market developments, financial market policies, as well as international and domestic regulatory reforms under way.
2 Switzerland and Singapore have strong and internationally oriented financial sectors. Both countries enjoy close ties and share similar interests in international financial fora, such as the Financial Stability Board, for issues including the regulation of banking, insurance and capital markets.
3 The Dialogue builds on the visit of President Tony Tan to Switzerland on 8 May 2014, where both Switzerland and Singapore agreed to enhance their current cooperation through regular exchanges between the competent financial market authorities. It also follows the visit of Federal Councilor Eveline Widmer-Schlumpf in February 2015. The Dialogues will take place regularly, facilitating the exchange of experiences and views, and promoting cooperation in areas of mutual interest.