2  Examples of these stronger and pro-business rules are: (i) The procedures for investors to register their investment in order to benefit from protection under the agreement, are outlined clearly so that the procedures are transparent to investors; (ii) Policy-makers can more easily consider the views and feedback of the business community, as the ACIA has a consultations mechanism giving ASEAN countries an official platform to stay engaged on ACIA matters and its implementation; and (iii) The ACIA has a robust Investor-to-State Dispute Settlement (ISDS) mechanism which will give investors additional recourse to seek redress or compensation if they have been treated unfairly by a government. 2  BIS central bankers’ speeches  The appointment of a Renminbi clearing bank in Singapore brings new functionality to the Singapore financial system. The build-up of Renminbi liquidity in Singapore will encourage financial institutions in Singapore to develop and offer a wider range of Renminbi products and services. This will help meet the financing, investment, and risk management needs of the market. It will also strengthen the role of Singapore as a leading global financial centre that serves Asia and beyond. Trans-Pacific Partnership (TPP) Besides the RCEP, Singapore is also actively engaged in the Trans-Pacific Partnership, or the TPP. The TPP negotiations currently involve 11 countries: Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States. It aims to bring comprehensive duty-free market access as well as reduced restrictions on services, investment and government procurement.
This morning, I would like to illustrate to you how our commitments to fintechs are being implemented in practice: (i) firstly by enhancing dialogue, (ii) secondly by facilitating their integration into the regulatory framework, (iii) and lastly by conducting experiments with them. I. Enhancing the dialogue with fintechs We communicate with fintechs primarily through the specific correspondents of the Banque de France and the ACPR. At the Banque de France, thestart-up correspondents, also French Tech correspondents, assist start-ups at all stages of their project (financing, ratings, etc.). At the ACPR, the Fintech Innovation Unit is a dedicated gateway for fintechs. Each year, about 250 discussions are conducted in this context, half of which being initial contacts with innovative project leaders. With the development of the fintech ecosystem, it became necessary to broaden dialogue to all stakeholders, which is what our ACPR-AMF Fintech Forumembodies today. In addition to the productive working groups it initiated – I will come back to this later – this annual Forum day was introduced last year. This year, it is also part of the “French Fintech Week” in association with France Fintech (the sector’s professional association) and Swave (the first French start-up accelerator dedicated to financial services). As a sign of our commitment, the Banque de France and the ACPR will attend several key events during the week and Dominique Laboureix, Secretary General of the ACPR, will conclude the week in Lyon. II.