FSB opens consultation on responsible AI adoption practices
The FSB launched a consultation seeking feedback on proposed sound practices for financial institutions adopting and innovating with AI.
The consultation invites industry input on how financial institutions should responsibly use AI. Engagement is critical to shape proportionate global standards before they are translated into national supervisory frameworks across banking, insurance, capital markets and payments.
Consultation outcomes will drive future AI supervisory expectations and compliance costs across all financial business lines.
Action Required
Engage industry working groups, prepare consultation response and align internal AI risk policies with emerging FSB expectations.
Early engagement with FSB AI consultation shapes future supervisory standards and reduces downstream compliance risk.
Coordinate enterprise response to FSB AI consultation; benchmark AI governance maturity and identify policy gaps for remediation roadmap.
“FSB seeks feedback on proposed sound practices for financial institutions to adopt, use, and innovate with AI in a responsible manner.”