🏢 Sector Regulation · 2018
Fairness, Ethics, Accountability, Transparency (FEAT) Principles
Fairness, Ethics, Accountability, and Transparency principles for AI use in the financial sector.
MAS issued the FEAT principles in 2018 to provide governance guidance for financial institutions using AI and data analytics. Four principles: Fairness — ensuring AI decisions do not produce discrimination; Ethics — AI use aligns with ethical standards; Accountability — clear assignment of responsibility for AI decisions; Transparency — AI decision processes are understandable and explainable. The 2022 update incorporated additional practical guidance.