Singapore: Monetary Authority Toolkit for Responsible Use of AI in the Financial Sector
Progress
Current status
adopted
26 Jun 2023 adopted
Scope
Implementers
Singapore
Policy Area
Other operating conditions
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
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…
SourceEvent type
outline
Action type
adoption
Government branch
executive
Government body
other regulatory body