MAS gives Singapore’s financial firms one year to prepare for AI risk rules

Singapore’s financial regulator has set out how banks, insurers, payment companies and other financial institutions should govern artificial intelligence, as AI moves from back-office experiments into systems that can influence customer outcomes, risk decisions and even execution. The Monetary Authority of Singapore (MAS) has issued its Guidelines on Artificial Intelligence Risk Management, a principles-based framework […] The post MAS gives Singapore’s financial firms one year to prepare for AI risk rules appeared first on e27.