The power of love, a force from above, cleaning my soul – flame on burn desire, love with tongues of fire, purge the soul, make fintech alliances your goal. Our latest cuddly round-up features the Securities Commission Malaysia, Dubai Financial Services Authority, Monetary Authority of Singapore, Taiwan Stock Exchange and Nasdaq.

The Securities Commission Malaysia (SCM) has had a busy week with two separate partnerships with Dubai and Singapore. The Dubai Financial Services Authority (DFSA) and SCM will co-operate in the development of innovation – namely in the Dubai International Financial Centre (DIFC) and Malaysia. The duo says: “Given the significance of Islamic finance in both Malaysia and Dubai, fintech developments in that sector will be of particular interest.”

Back in 2007, DFSA and SCM signed a mutual recognition agreement related to cross-border distribution and marketing of Islamic funds between Malaysia and the DIFC. It followed a 2006 joint initiative on regulatory alignment to help Islamic finance transactions.

The power of fintech love

The power of fintech love

Staying with SCM, it has signed a co-operation agreement with the ever-friendly Monetary Authority of Singapore (MAS) for the usual innovation in financial services between Singapore and Malaysia.

Both authorities will also “consider participating” in joint innovation projects in blockchain and distributed ledgers. There really isn’t much else to share – unless you like generic comments.

This time it’s not regulators, but the Taiwan Stock Exchange (TWSE) and Nasdaq, who have signed a memorandum of understanding (MoU) to help the cross-listing of exchange-traded funds (ETF) on both the TWSE and Nasdaq markets.

Chi-Hsien Lee, president of TWSE, says: “As Taiwan adopts a global outlook on capital markets, the Taiwan Stock Exchange has been proactive in building alliances with overseas exchanges.” Nasdaq and TWSE will collaborate in mutual market promotion and the compilation of indices. The MoU will also help create closer ties between the Taiwanese and US capital markets, with initiatives such as bilateral visits, personnel training and exchanges to share experience and information.