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Kenneth Gay
Chief FinTech Officer
Monetary Authority of Singapore
Kenneth heads the FinTech and Innovation Group at the Monetary Authority of Singapore (MAS). The Group is responsible for development strategies for technology and innovation, to strengthen competitiveness, manage risks and enhance the efficiency of the financial sector.
Kenneth’s recent prior experience focused on digital transformation, enterprise GenAI and data governance. He previously headed the Enterprise Knowledge Department at MAS. Besides formulating data and knowledge strategies and governance policies, the department also pursues data transformation by architecting and developing platforms and applications that improve outcomes for financial supervision, central banking and other use cases.
Kenneth also has experience in regulatory policy, having previously headed MAS’ Prudential Policy Department. The department develops capital and liquidity standards, including MAS’ approach on the implementation of Basel III as well as contributions to international policy forums. Prior to this, Kenneth headed the international financial relations and financial stability surveillance functions in MAS, and served in MAS’ reserves management and enforcement functions.
Kenneth holds a BA in Economics and MA in International Relations from the University of Chicago. He enjoys experimenting with technology at work, and as a pastime.
Speaking at SFF 2026
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2:30–3:00pmThu 19 NovPolicy StageHall 3, Singapore EXPOOpen
Policy Rewiring
When Agents Direct Agents: Who Do You Actually Regulate?
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Claude MarxDirector GeneralLuxembourg Financial Services Regulator (CSSF)
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Daniela StoffelState SecretaryState Secretariat for International Finance (SIF)
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Kenneth GayChief FinTech OfficerMonetary Authority of Singapore
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Mahesh UttamchandaniRegional Practice Director for Digital & AI, East Asia & Pacific & South AsiaWorld Bank
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Jonah CraneHead of Global Regulatory & Policy StrategyStripeModerator
About this session
Financial regulation has always assumed that decisions can be traced through a clear chain of human accountability. But as AI agents begin directing other agents, that assumption starts to break down. Agentic AI won't just automate tasks—it has the potential to reshape how financial institutions are organised. Decision-making may shift between people and AI systems, reporting lines become more fluid, and the traditional structures underpinning governance, accountability and supervision begin to evolve. In that world, who is ultimately responsible for a decision? What exactly is a regulator supervising?
Bringing together senior policymakers and regulators, this session explores how supervisory frameworks—from senior manager accountability regimes to board oversight and the three lines of defence—need to adapt for organisations where humans increasingly govern systems that, in turn, govern other systems. The discussion will examine how institutions can demonstrate accountability, maintain effective oversight, and provide regulators with meaningful traceability in increasingly agent-driven operating models. Rather than focusing on individual AI decisions, the panel asks a broader question: how should governance evolve when the organisation itself becomes dynamic? -
