Singapore: Adopted MAS artificial intelligence model risk management observations for financial institutions including design requirements
Description
Adopted MAS artificial intelligence model risk management observations for financial institutions including design requirements
On 5 December 2024, the Monetary Authority of Singapore (MAS) published a review of observations on the risk management of artificial intelligence models for financial institutions. The review identifies principal practices for the management of AI-…
Scope
Policy Area
Design and testing standards
Policy Instrument
Design requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body