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: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

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...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

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.