Financial Institutions Remain Accountable for Third-Party AI Under New MAS Guidelines

MAS rolls out AI risk management guidelines for Singapore’s financial sector

Expectations include accountability for managing risks from third-party artificial intelligence use Read more at The Business Times.

Financial institutions remain accountable for third-party AI under new MAS guidelines

Among other expectations, financial institutions will be accountable for AI used in delivered services, including AI developed, operated or provided by third parties.

MAS Sets New AI Risk Guidelines for Financial Institutions

The Monetary Authority of Singapore (MAS) has issued its finalised Guidelines on AI Risk Management for financial institutions. Following a public consultation in November 2025, the framework sets out expectations for firms to manage risks across the AI lifecycle and address risks associated with third-party providers. Under the guidelines, institutions can tailor their approach based [...]

The Monetary Authority of Singapore (MAS) has issued guidelines on artificial intelligence (AI) risk management for responsible AI adoption in the financial sector

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MAS issues AI risk management guidelines for financial sector

MAS plans to consult on additional guidance on agentic AI in 2027.