Singapore banks tighten ML governance amid regulatory scrutiny

DBS, StanChart and Deutsche build model inventories and draw up standards around use cases

Monetary Authority of Singapore
George Johnson

Banks in Singapore are building inventories of machine learning-based (ML) models in a bid to shore up internal governance of the technology’s use cases. The initiatives are partly a response to regulatory expectations around banks’ use of models that take advantage of such techniques, especially where they have the potential to impact customers.

“There is a need to create a central inventory of AI [artificial intelligence] and machine learning models, so we can know the full set of models that

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