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Rules / Singapore

Guidelines on Artificial Intelligence Risk Management for Financial Institutions

Enacted, not yet in forceGuidelineBinding

Supervisory guidelines for all financial institutions in Singapore, covering all forms of AI including generative AI and AI agents. Firms should set up board and senior-management oversight of AI risk, identify AI use cases, assess each one’s risk materiality and keep an AI inventory, then apply lifecycle controls proportionate to that risk. MAS consulted in November 2025 and issued the final guidelines on 7 Oct 2026.

Why it matters

Singapore banks, insurers, payment firms and capital-markets firms have until 7 Oct 2027 to put AI oversight, risk assessment and inventories in place, and until 7 Oct 2028 for lifecycle controls.

What it requires

Risk classificationHuman oversightData governanceSecurity testingIncident reporting
SourceMAS: https://www.mas.gov.sg/regulation/guidelines/guidelines-on-artificial-intelligence-risk-management-for-financial-institutionsSecondary: https://www.mas.gov.sg/news/media-releases/2026/mas-sets-out-supervisory-expectations-on-responsible-ai-adoption-by-financial-institutions Checked against the source on 13 Oct 2026. Consultation 13 Nov 2025 to 31 Jan 2026. Guidelines issued and response to feedback published 7 Oct 2026; Sections 3-4 apply from 7 Oct 2027 and Sections 5-6 by 7 Oct 2028 (para 1.8). Guidelines are not law, but MAS supervises against them.

Cite this record

WTA-R-SG-0004: Guidelines on Artificial Intelligence Risk Management for Financial Institutions. Monetary Authority of Singapore. wheresthe.ai, https://wheresthe.ai/rule/sg-mas-ai-risk-management-guidelines-consultation-2025/ (checked 13 Oct 2026).

History

  • Source changed from https://www.mas.gov.sg/publications/consultations/2025/consultation-paper-on-guidelines-on-artificial-intelligence-risk-management to https://www.mas.gov.sg/regulation/guidelines/guidelines-on-artificial-intelligence-risk-management-for-financial-institutions
  • Summary changed from Proposed supervisory guidelines requiring financial institutions to identify and inventory AI use, assess risk materiality, and apply pro... to Supervisory guidelines for all financial institutions in Singapore, covering all forms of AI including generative AI and AI agents. Firms...
  • Next milestone changed from none to 2027-10-07: Guidelines take effect: AI oversight, use-case identification, risk materiality assessment and AI inventory expected (Section...
  • Effective changed from none to 7 Oct 2027
  • Adopted changed from none to 7 Oct 2026
  • Status changed from consultation to enacted
  • Title changed from Proposed… to (nothing)…

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