Financial Stability Board Finalises Responsible AI Practices for G20
Oct 13, 2026
Cybersecurity
Financial Stability Board Publishes 12 AI Practices for Financial Firms
Oct 15, 2026
The Financial Stability Board published 12 voluntary practices covering AI governance and risk management at financial institutions.
Financial Stability Board published a final report on October 15 outlining 12 practices for responsible AI adoption by financial institutions. The guidance covers generative AI and agentic AI, with the first four practices focused on organization wide governance and the remaining eight addressing risks across the AI lifecycle.
The governance practices call for board and senior management oversight, defined responsibilities, documentation of AI use, and regular adjustments as AI changes. The risk practices cover materiality assessments, model selection, data governance, explainability, performance monitoring, human oversight, cyber risks, and third party dependencies.
The practices are non-prescriptive and do not constitute a binding international standard. Financial institutions can adapt them to their risk profiles and integrate them into existing governance, cyber risk, and third party risk frameworks.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like AI Policy Brief, Finance AI Weekly or Daily AI Brief.
Also, consider following us on social media:
More from Regulation
Oct 15 Singapore Launches Three AI Safety Initiatives Oct 15 AidFinder Earns FedRAMP Class C Certification in 37 Days Oct 15 Senators Question Meta Tax Credits for AI Data Centers Oct 15 EU survey finds 42% of smaller companies use AI or automated management Oct 15 OpenAI Accuses Former Employee of Sharing Device Plans With AppleMore from Finance
Oct 15 Starling Bank to Train Transactional AI Model on Civo UK Cloud Oct 15 Bloomberg makes ASKB available with chat and file search Oct 15 Caruso Expands US Fund Administration Business From Dallas Oct 15 Waterdrop Says AI Cut Complex Underwriting Time by 80% in 2025 Oct 15 Lexcel Introduces AI Operating System for Specialty InsuranceFree newsletter
Finance AI Weekly
Weekly newsletter about AI in finance. Covers AI-driven trading, fintech innovations, and data analytics transforming markets
Industry analysis
2025 Global Business Services Agenda: Gen AI Takes Center Stage
The Hackett Group
This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.
Read moreYou may also like
State Bank Regulators Propose AI Risk Framework
Sep 19, 2026
Regulation
Oversight Board Calls for Independent AI Governance
Oct 02, 2026
Government actions
AXA XL and S-RM Outline Five Priorities for AI Risk Management
Sep 23, 2026
Cybersecurity
Riskonnect Finds Fewer Than Half of Companies Train Staff to Evaluate AI Outputs
Oct 07, 2026
Enterprise
Indian Experts Call for Domestic AI Safety Framework
Oct 06, 2026
Regulation
Free, six days a week
Daily AI Brief: the AI news that matters, in your inbox.