MAS Ends Voluntary AI Rules for Banks: Third-Party Vendors Cannot Shield Institutions from Risk

Financial Stability Board calls for greater human oversight of agentic AI in final guidance

The Financial Stability Board, a global financial standard setter, has issued final guidance urging banks and other financial firms to strengthen human oversight of agentic AI systems, particularly for higher-risk applications. The guidance comes as banking regulators worldwide step up efforts to contain growing AI risks.