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MAS FEAT Principles for Artificial Intelligence and Data Analytics in Financial Services

Authentic statutory obligations decomposed into atomic machine-actionable conditions, actions, and verification standards.

Official Legal Text
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Approved

Obligation Control 1: Financial institutions using artificial intelligence algorithms shall ensure algorithmic e

Financial institutions using artificial intelligence algorithms shall ensure algorithmic explainability, automated audit trails for model decisions, and human-in-the-loop validation for high-impact credit and risk determinations.

Required Actions & EnforcementEnforced Control

Action Type:VERIFY_STATUTORY_CONTROL
Authority:Monetary Authority of Singapore (MAS)
Evidence Required:AUDIT_LOG_EVIDENCE

Trigger Conditions (AST Logic)OP: AND

statutory.clause_1.verifiedEQUALStrue