UK, Singapore Wrap 11th Financial Dialogue in Singapore
UK and Singapore set out work on tokenisation, AI safeguards, quantum security and sustainable finance, with 2027 G20 and ASEAN chair roles shaping plans.
The story in focus
The UK and Singapore held their 11th Financial Dialogue in Singapore on 20 October 2026, covering digital assets, AI adoption, capital markets and sustainable finance. A joint industry roundtable follows on 21 October, and the 12th Dialogue will be hosted by the UK in 2027.
- Officials discussed tokenisation work including MAS's Project Guardian and BLOOM and the UK's Digital Securities Sandbox.
- Bilateral talks covered the UK-Singapore AI in Finance Partnership and quantum-safe migration guidance.
- The UK will host the 12th Dialogue in 2027, ahead of its G20 Presidency and Singapore's ASEAN Chairmanship.
What was discussed in Singapore
The 11th UK-Singapore Financial Dialogue took place in Singapore on 20 October 2026, with officials from HM Treasury and the Monetary Authority of Singapore joined by representatives of the Bank of England, the Financial Conduct Authority and both countries' high commissions.
On digital finance, the two sides reviewed tokenisation and wholesale digital market work, including MAS's Project Guardian, BLOOM and Global Layer One, and the UK's Wholesale Financial Markets Digital Strategy, Digital Securities Sandbox and related BoE and FCA efforts. Crypto-assets, stablecoins and digital money for institutional settlement were also discussed.
AI, quantum and markets
The Dialogue affirmed safe, responsible AI adoption in financial services, citing the UK's AI Adoption Plan and Singapore's Safeguards for Agentic Finance at Runtime framework. Progress under the UK-Singapore AI in Finance Partnership was reviewed, including PathFin.ai and work towards an AI taxonomy.
On quantum, participants covered supervisory expectations for quantum-safe migration and lessons from MAS's Quantum Key Distribution sandbox. Capital markets talks covered UK reforms and MAS updates from the Equities Market Review Group, alongside growth capital initiatives such as the British Business Bank and Singapore's Growth Capital Workgroup.
Sustainable finance and 2027 roles
Sustainable finance items included the UK's Transition Finance Pilot and FCA Climate Scenarios Sandbox, and Singapore's revisions to the Singapore-Asia Taxonomy 2.0. The two countries also discussed regional and multilateral priorities, with the UK taking the G20 Presidency and Singapore the ASEAN Chairmanship in 2027. The 12th Dialogue will be hosted by the UK in 2027.
When is the next UK-Singapore Financial Dialogue and who hosts it?
The 12th UK-Singapore Financial Dialogue will be held in 2027 and will be hosted by the UK, according to the MAS media release issued after the 20 October 2026 meeting.
Sources & further reading
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