The UK’s Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS) have announced a landmark collaboration to advance the safe and responsible use of artificial intelligence (AI) in financial services. The initiative, unveiled at the Singapore FinTech Festival which ran from 12 to 14 November 2025, aims to encourage innovative firms in both countries 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 in Singapore. This is part of the FCA’s wider plan to strengthen its regulatory relationship with MAS and promote the UK as a global hub for financial services.
Call to action
The collaboration between the FCA and MAS signals their commitment to understanding the current state-of-play of AI in financial services firms and establishing regulatory guardrails for responsible AI development. This builds on the FCA’s showcase day held on 28 January 2025, where innovative firms demonstrated AI-driven solutions spanning governance, data integration, and compliance practices at the FCA’s London offices.
Innovative firms interested in participating in future FCA-MAS AI Spotlight events are invited to apply via the AI Spotlight programme here.
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The content of this article is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this article please contact the author in the first instance. Law covered as at November 2025.