Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what progress his Department has made on pursuing reform of financial services regulation to support participation in growing markets in Asia.

HM Treasury engages with a range of countries in Asia through established and regular economic and/or financial dialogues, where financial services regulation is a key theme. This encompasses Economic and Financial Dialogues with China and India, and Financial Dialogues with Hong Kong, Japan, Singapore and South Korea. Through these dialogues HM Treasury has built new and deeper financial services relationships with Asia’s financial centres, helping to facilitate the participation of firms in our respective jurisdictions and to agree new market connectivity initiatives. The UK’s cooperation with Japan has also been enhanced via the UK-Japan Comprehensive Economic Partnership. Where applicable additional information about these dialogues is published on www.gov.uk, including the via joint outcomes statements and in HM Treasury’s annual reports.