Visit by a delegation of the French Senate Committee on Finance [fr]
A High-Level Delegation of the French Senate Committee on Finance, led by its President Mrs. Michèle André, visited Singapore from the 8th to the 10th of March 2017.
The purpose of their fact-finding mission was to deepen their understanding of the drivers of competitiveness and attractiveness between global financial centers. The delegation is especially interested in assessing the impact of the Brexit on the competition among the financial centers in continental Europe. The delegation had visited Hong-Kong during its trip in Asia. The Commission will issue a report including recommendations as to how to strengthen the global attractiveness of Paris as financial hub.
The Senators met with a broad range of representatives from the financial sector (banks, insurance, venture capital managers, FinTech start-up, stock exchange) as well as Singaporean authorities: Mrs Josephine Teo (Senior Minister of State, Prime Minister’s Office, Ministry of Foreign Affairs & Ministry of Transport) and Ms Jacqueline Loh (Deputy Managing Director at the Monetary Authority of Singapore). The delegation met also the regional representatives of the French banks established in the City-State and those of the largest European asset manager. Senators discussed as well with their counterparts from the Government Parliament Committee on Trade, Industry, and Finance. The delegation visited the ESSEC Asia-Pacific Campus to attend a seminar on the development prospects of Singapore, ranked in 2016 as 3rd global financial center. Senators had opportunities to discuss how to strengthen bilateral financial cooperation and affairs in light of the recent recommendations made by the Singaporean Committee for the Future Economy but also in the prospect of the State Visit of the French President in Singapore on 26-27 March 2017.