Singapore setting fintech pace in Asia

The Monetary Authority of Singapore is consulting on proposals for what it calls a “regulatory sandbox”, which will allow firms to experiment with financial technology solutions in a relaxed regulatory environment, in what is seen as a smart move by market participants. It is the first Asian regulator to do this, noted Mark Wightman, partner for wealth and asset management advisory at consultancy EY in Singapore. This sees it follow in the footsteps of the UK’s Financial Conduct A…