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Singapore: MAS generative AI risk framework for the financial sector (Project MindForge)

Progress

Current status
concluded
15 Nov 2023 concluded

Scope

Implementers
Singapore
Policy Area
Other operating conditions
Policy Instrument
Testing requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
central government
Implementation Level
national

Timeline of events

15 Nov 2023
concluded

Closed the first phase of Project MindForge concerning the development of a generative AI (GenAI) risk framework in the financial sector

On 15 November 2023, the Monetary Authority of Singapore (MAS) closed the first phase of Project MindForge concerning the development of a generative AI (GenAI) risk framework in the financial sector. The Project aims to develop a framework for the …

Source
Event type inquiry
Action type closure
Government branch executive
Government body central government