Taking steps to enhance financial cooperation

WITH Singapore being dubbed as the Switzerland of Asia, it is natural that the two countries share close links and cooperation in the financial field. Through the years, the two countries have been steadily building on these ties to enhance the relationship through regular visits by high-level officials and exchanges at many different levels.

In April, senior officials from Switzerland's Federal Department of Finance (FDF) and the Swiss National Bank visited Singapore and met with the Monetary Authority of Singapore (MAS) for an inaugural financial dialogue. The delegations exchanged views on global economic and financial market developments, financial market policies, as well as international and domestic regulatory reforms that are under way.

The Swiss delegation was led by René Weber, head of the markets division in the State Secretariat for International Financial Matters SIF, while MAS deputy managing director Jacqueline Loh led the Singapore side.