Singapore MAS Guidelines on Artificial Intelligence Risk Management (2026) 4.1: The AI risk management framework includes systems, policies and procedures for identifying, inventorising and assessing the risk materiality of AI, applied consistently, with controls proportionate to assessed materiality

What does 4.1 require?

An FI's AI risk management framework encompasses the key systems, policies and procedures for identification, inventorisation and risk materiality assessment of AI. Consistent and robust approaches are applied to identify AI, record it in an inventory and determine its risk materiality, and controls are applied in proportion to the materiality assessed.