Proposed Guidelines on Artificial Intelligence Risk Management for Financial Institutions

In consultationGuidelineBinding

Proposed supervisory guidelines requiring financial institutions to identify and inventory AI use, assess risk materiality, and apply proportionate controls across the AI lifecycle, with board and senior-management oversight. MAS proposed a 12-month transition after issuance.

Why it matters

Once issued, Singapore banks, insurers and capital-markets firms will have about a year to build AI inventories and lifecycle controls.

What it requires

Risk classificationHuman oversightData governanceSecurity testingIncident reporting

SourceMAS: https://www.mas.gov.sg/publications/consultations/2025/consultation-paper-on-guidelines-on-artificial-intelligence-risk-management Secondary: https://covarage.com/guides/regulatory-change/mas-airg-imda-mgf-eu-ai-act-singapore-sme-compliance-timeline Checked against the source on 4 Oct 2026. Consultation closed 31 Jan 2026. Final guidelines not issued as of 1 Oct 2026 (secondary source). Guidelines are not law but MAS expects compliance; 12-month transition detail from secondary source.

Cite this record

Proposed Guidelines on Artificial Intelligence Risk Management for Financial Institutions. Monetary Authority of Singapore (MAS). Status: In consultation. wheresthe.ai, https://wheresthe.ai/rule/sg-mas-ai-risk-management-guidelines-consultation-2025/ (verified 4 Oct 2026).

Line of Thought

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Proposed Guidelines on Artificial Intelligence Risk Management for Financial Institutions

Why it matters

What it requires

Cite this record

Developments connected to this rule

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