Consultation Paper on Proposed Guidelines on Artificial Intelligence Risk Management for Financial Institutions

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Consultation Paper on Proposed Guidelines on Artificial Intelligence Risk Management for Financial Institutions

By Monetary Authority of Singapore

The consultation paper outlines MAS’ supervisory expectations for financial institutions to manage AI risks across governance, AI identification, inventory, risk-materiality assessments, and full AI life-cycle controls, covering areas such as data management, transparency, fairness, human oversight, cybersecurity and third-party AI.

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