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Monetary Authority of Singapore
5 developments involving Monetary Authority of Singapore in 1 country or body. The most recent is MAS issues final AI risk management guidelines for Singapore’s financial institutions, 7 Oct 2026.
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- MAS issues final AI risk management guidelines for Singapore’s financial institutions
Banks, insurers, payment firms and fund managers in Singapore have a year to put AI oversight, risk ratings and inventories in place.
- MAS consults on AI risk management guidelines for all financial institutions
Banks, insurers and asset managers in Singapore would keep AI inventories, rate each use case’s risk and make boards accountable, including for AI agents, after a 12-month transition.
- MAS publishes good practices for AI model risk management at banks
Singapore banks got a list of good practices MAS observed and encourages, and MAS said it was weighing guidance for all financial institutions on the same lines.
- MAS and banks publish a generative AI risk framework from Project MindForge
Singapore’s largest banks and cloud providers agreed with the regulator on a shared list of generative AI risks before MAS wrote formal AI rules for the sector.
- MAS-led consortium releases open-source Veritas Toolkit 2.0 for responsible AI in finance
Banks and insurers in Singapore received a free tool to test their AI use cases against the regulator’s FEAT principles, and MAS later built on this work in its AI risk guidelines.