The Monetary Authority of Singapore proposed Guidelines on AI Risk Management covering all financial institutions, including generative AI and AI agents. Firms would keep AI inventories, rate each use case's risk materiality by impact, complexity and reliance, and apply proportionate lifecycle controls, with boards accountable; comments closed 31 January 2026 and a 12-month transition is proposed after final issuance.
Why it matters
It is among the first supervisory AI rulebooks to explicitly cover agentic AI across banks, insurers and asset managers, and a likely template for other Asian regulators.
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- DevelopmentHKMA picks 27 use cases from 20 banks for second GenAI sandbox cohort15 Oct 2025 · Programme · HKContrasts with: Singapore writes binding-style guidelines while Hong Kong leans on a supervised sandbox
What led here
Earlier developments on the same thread
- DevelopmentFSB says AI monitoring in finance is immature, flags supplier concentration10 Oct 2025 · Report · INTL
- DevelopmentGoogle launches AP2, an open protocol for payments made by AI agents16 Sep 2025 · Launch · INTL
What happened next
Later developments on the same thread
- DevelopmentFCA names Barclays, UBS, Experian and others in second AI Live Testing cohort21 Apr 2026 · Programme · GB
- DevelopmentVisa expands Agentic Ready agent-payment testing to Asia Pacific and Latin America29 Apr 2026 · Launch · INTL
- DevelopmentEBA, EIOPA and ESMA tell EU finance to manage frontier AI cyber risk31 Jul 2026 · Statement · EU
- DevelopmentKansas City Fed's Schmid asks whether the AI ecosystem is becoming too big to fail25 Sep 2026 · Statement · US
Same story elsewhere
What other countries and bodies did on this
- DevelopmentSEBI chief says AI/ML rules will mandate kill switches and human oversight19 Aug 2026 · Statement · IN
- DevelopmentRBI drafts model risk rules covering AI/ML for all regulated lenders24 Jun 2026 · Rule change · IN
- DevelopmentUS Treasury releases AI lexicon and finance-specific AI risk framework19 Feb 2026 · Policy · US
- DevelopmentRBI publishes FREE-AI framework for AI in India's financial sector13 Aug 2025 · Report · IN
Rules in play
Laws and guidance this touches
- RuleMAS AI Risk Management Guidelines (AIRG)SG · In consultation · 13 Nov 2025
- RuleRBI FREE-AI FrameworkIN · In force · 13 Aug 2025
- RuleSEBI Reg 16C (AI responsibility)IN · In force · 6 Feb 2025
Threads by topic: Financial risk AI agents Standards and codes