The FCA is strengthening its international footprint with a strategic partnership on artificial intelligence (AI) with the Monetary Authority of Singapore (MAS) and will establish a new presence in the country.
Announced at the Singapore Fintech Festival, the new partnership will support safe and responsible AI innovation. This will enable innovative firms in the UK and Singapore to scale and operate across markets more effectively.For the first time, the FCA will also establish a presence in Singapore with the appointment of an FCA Financial Services Attaché based at the British High Commission. This forms part of a wider plan to establish a presence other priority markets next year.Jessica Rusu, chief data, information and intelligence officer at the FCA, said:'Through our partnership with the Monetary Authority of Singapore, we'll be championing safe and responsible AI innovation across UK and Singapore markets. I’m looking forward to seeing how it enables firms in both countries to grow through collaboration, gauge new cross-border opportunities, and shape the future of responsible AI innovation in finance.'Our appointment to Singapore helps us expand our network of financial services attachés around the world, strengthen our regulatory relationship with MAS and promote the UK as a global hub for financial services.'A key element of the partnership will be the joint testing of AI solutions, exchange of regulatory insights, and collaborative events to spotlight best-in-class approaches.These steps reinforce the FCA’s commitment to supporting economic growth. Strengthening ties will help build global regulatory relationships and attract inward investment to the UK.Notes to editorsInnovative firms interested in participating in future FCA-MAS AI Spotlight events are invited to apply via the AI Spotlight programme. As part of the application, firms should highlight their relevance to the FCA-MAS AI Partnership, including how their AI solution supports safe and responsible innovation across UK and Singapore markets.In April 2025, the FCA announced the appointment of an Asia-Pacific Director, Camille Blackburn, who is based in Australia to help establish a presence in the region. Tash Miah was also appointed at the British Embassy in Washington, DC. to advance UK-US financial services policy and regulatory cooperation.To support international investment, the FCA is a key delivery partner for the Government’s new Office for Investment: Financial Services.Read about our wider collaboration with MAS on Project Guardian.