Bank of England and MAS Outline AI Expectations for Finance

Bank of England and MAS outline new AI guidelines. CFTC and FinCEN also make significant moves in crypto regulation — crucial for the industry. In a significant move for the financial sector, the Bank of England and the Monetary Authority of Singapore (MAS) have outlined their expectations regarding AI in finance over the past fortnight. The BoE emphasizes the need for rigorous testing of AI models before and after deployment, while MAS has finalized its AI guidelines, effective October 2027.