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MAS FEAT Principles + AI Model Risk Management

Singapore — MAS · Singapore (financial institutions) · Guidance

This page is a plain-English summary written by us, not legal advice — the official text is linked above. Our catalogue was last reviewed 2026-08-15; that is a review of the whole catalogue, not an independent legal verification of this entry.

Authority
Singapore — MAS
Jurisdiction
Singapore (financial institutions)
Type
Guidance
Status
Guidance
Maximum penalty
MAS supervisory expectation
Catalogue reviewed
2026-08-15
Official source checked
2026-08-23 — unchanged since our last read
Official text

Status

FEAT (2018) + Veritas toolkit; AI Model Risk Management information paper (Dec 2024). Draft AI Risk Management Guidelines (Nov 2025) in consultation.

Requirements (1)

FEAT / AI MRM recommended

AI inventory, materiality & validation

Apply Fairness, Ethics, Accountability & Transparency (FEAT); maintain a bank-wide AI inventory with risk-materiality calibration, independent validation for higher-materiality AI, ongoing monitoring, and heightened third-party/GenAI controls.

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