Singapore has given international banks an unusual series of top-level briefings on geopolitics as it seeks to reassure them that the financial hub can remain stable and neutral at a time of rising tension between China and the west.
In meetings organised by Prime Minister Lee Hsien Loong’s office, officials discussed US-China rivalry, the Middle East conflict, the Ukraine war and the $2.2bn money-laundering scandal that rocked the city-state in August, according to four people with knowledge of the talks.
The meetings have been held over the past six months with US and European financial institutions including Citigroup and Standard Chartered as well as some local banks, they said.
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