The Monetary Authority of Singapore (MAS) has published a consultation paper proposing Guidelines on Artificial Intelligence Risk Management that would apply to all financial institutions. The draft guidelines set out MAS’ supervisory expectations for how firms govern, manage and control risks arising from the use of artificial intelligence. The proposals cover oversight arrangements for AI risk management, the required AI risk management systems, policies and procedures, controls across the AI life cycle, and the capabilities and capacity expected to support safe use of AI. MAS positions the guidelines as complementing its Fairness, Ethics, Accountability and Transparency (FEAT) principles, alongside national initiatives such as the Infocomm Media Development Authority’s Model AI Governance Framework and initiatives under the AI Verify Foundation. The consultation (P017-2025) is open from 13 November 2025 and closes at 11.59 PM on 31 January 2026.
Monetary Authority of Singapore 2025-11-13
Monetary Authority of Singapore launches consultation on AI risk management guidelines for all financial institutions
The Monetary Authority of Singapore has issued a consultation paper on proposed Guidelines on Artificial Intelligence Risk Management for financial institutions. The guidelines outline supervisory expectations for AI governance, risk management systems, and controls, complementing existing FEAT principles and national AI initiatives.