Sound Practices for Responsible Adoption of Artificial Intelligence (AI)

2026

Open publication workspace · Sign in to read the full PDF.

AI-generated summary

1) This report provides sound practices for financial institutions to responsibly adopt, use, and innovate with AI, balancing benefits with risks to promote financial stability.
2) * Outlines 12 sound practices for organization-wide AI governance and AI lifecycle management.
* Details AI use cases, benefits, and implementation challenges in the financial sector.
* Addresses key risks including governance, data, explainability, performance, human oversight, cyber, and third-party dependencies.
3) AI, Financial Stability, Governance, Risk Management, Sound Practices

Check the original publication for accuracy and context.