Required actions
- Assess AI and data analytics uses against fairness, ethics, accountability and transparency principles using the Veritas methodology - Align with MAS supervisory expectations on AI model risk management set out in its 2024 paper
MAS FEAT Principles for AI and data analytics in finance
Singapore's FEAT principles and Veritas toolkit are the reference framework for responsible AI in finance in Asia; not binding, but MAS's 2024 model-risk paper signals the supervisory expectations that follow them.
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