Singapore has established itself as a leading global financial centre ranking 2nd in PWC’s City of Opportunity index and 6th largest wealth management centre in the world by Deloitte, as well as being also the third largest FX centre globally. As of 2016, Singapore hosts a total of 126 commercial banks, of which 5 are local banks and 121 are foreign banks, with extremely vibrant sectors in capital markets, asset management, insurance, and FinTech as well.

Financial Services


The EuroCham Financial Services committee represents European Financial Institutions (FIs) operating in Singapore and seeks to advocate on behalf of its members for an open and competitive regulatory environment. The committee serves as an effective platform between industry and regulators in Singapore, the region, as well as the European Commission. The committee comprises major FIs in the banking, insurance, and asset management sectors, as well as professional consultants.


Ms Nynke Postma, Initiative Lead, KYC Innovation, ING Bank N.V., Singapore Branch (Chair)
Ms Simona Catanescu, Account Director ASEAN, SWIFT (Co-Chair)
Mr Carl Otto van der Elst, Director, Regional Head Multinational Coverage ASEAN, Deutsche Bank (Co-Chair)
Mr Pierre Maria, Senior Treasury Officer, Swiss Re Asia (Co-Chair)
Mr Sanjeev Kumar, Senior Country Manager, Singapore; and Head of South East and South Asia CIB, Natixis (Co-Chair)


  • EuroCham Position Paper: Green Finance in Singapore and ASEAN: Opportunities and Challenges
  • Closed-door meeting with Mr Leong Sing Chiong, Deputy Managing Director (Marlets and Development) at MAS
  • Closed-door dialogue on RBC2 with MAS
  • What is the EU’s Taxonomy for Sustainable Finance
  • An Introduction to the New World of Payments with SWIFT GPI Initiative
  • Banking Position Paper on “Enhancing  EU-Singapore Regulatory Dialogue
  • Briefing by Mr Bruno Gencaralli, Head of Data Flows and Protection Unit at the European Commission (DG Justice and Consumers)
  • Dialogue with Mr Olivier Guersent, Director-General of  DG FISMA, European Commission
  • Closed-door dialogues with regulators on banking and insurance regulations
  • Annual Cybersecurity Panel Seminar
  • Continued webinars on Green Finance


  • Banking & insurance regulations (for example, MiFID II, EMIR, Benchmarks, Basel, RBC2, IFRC)
  • Green & sustainable finance
  • Data protection & privacy; cybersecurity
  • FinTech & RegTech
  • Digitalisation in the Financial Services Industry
  • Asset equivalence between the European Union and Singapore
  • Changes in Regional Trade Financial Landscape
  • Changing customer behaviour


  • Monetary Authority of Singapore (MAS)
  • European Commission (DG FISMA, DG JUSTICE)
  • Singapore FinTech Association