The Financial Conduct Authority announced a strategic partnership with the Monetary Authority of Singapore on artificial intelligence, alongside plans to establish a permanent presence in Singapore. Unveiled at the Singapore Fintech Festival, the initiative is positioned to support safe and responsible AI innovation and help UK and Singapore firms operate and scale more effectively across both markets. The partnership will include joint testing of AI solutions, exchange of regulatory insights, and collaborative events to share best practice, including through the FCA–MAS AI Spotlight programme. The FCA will appoint a Financial Services Attaché based at the British High Commission in Singapore, extending its global attaché network and building on earlier international postings, including an Asia-Pacific Director based in Australia and a financial services attaché in Washington, DC, as well as wider collaboration with MAS through Project Guardian. The FCA indicated it plans to establish a presence in other priority markets in 2026, and innovative firms can apply to participate in future FCA–MAS AI Spotlight events by setting out how their AI solutions support safe and responsible innovation across the UK and Singapore.
Financial Conduct Authority 2025-12-03
Financial Conduct Authority partners with Monetary Authority of Singapore on responsible AI testing and appoints first Singapore financial services attaché
The Financial Conduct Authority (FCA) announced a strategic partnership with the Monetary Authority of Singapore (MAS) on artificial intelligence, including plans to establish a permanent presence in Singapore. The initiative aims to support safe AI innovation and facilitate UK and Singapore firms' operations across both markets. The FCA will appoint a Financial Services Attaché in Singapore and expand its presence in other priority markets in 2026.