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Singapore: Monetary Authority Toolkit for Responsible Use of AI in the Financial Sector

Progress

Current status
under deliberation
26 Jun 2023 adopted

Scope

Implementers
Singapore
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
ML and AI development
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national

Timeline of events

26 Jun 2023
adopted

Published Toolkit for Responsible Use of AI in the Financial Sector

On 26 June 2023, the Monetary Authority of Singapore (MAS) published an open-source Toolkit for the Responsible Use of AI in the Financial Sector, introducing the principles of fairness, ethics, accountability, and transparency for the responsible u…

Source
Event type outline
Action type adoption
Government branch executive
Government body other regulatory body

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