Following on from its recent agreement with the Australian Securities and Investment Commission (see: ), the UK's Financial Conduct Authority (FCA) has announced another cooperation agreement with the Monetary Authority of Singapore (MAS).  

The intention is for the Innovation hubs at the MAS and the FCA  to cooperate by referring innovative businesses that are seeking to work in each market, which may include information sharing.

The FCA's approach of global cooperation is certainly promising - since these fintech businesses bring into focus even more issues of territoriality, regulators will need to work together and it's great to see the FCA take the lead on this.