News

Dubai watchdog signs fintech agreement with Singapore

Dubai’s financial services watchdog has signed an agreement with its counterpart in Singapore to help grow their respective fintech markets. At the heart of the deal between the Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) is a referral agreement whereby fintechs can access either jurisdiction more easily. The agreement also sets out a process for sharing information on innovation in the respective markets. It also makes formal reference to the intention of the DFSA and MAS to work jointly on projects involving blockchain, big data, application programming interfaces and other new technology areas. The DFSA has similar agreements in place with regulators in Australia, Hong Kong and Malaysia and is also a member of the recently convened Global Financial Innovation Network which comprises 12 financial services regulators including the UK’s Financial Conduct Authority. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.