Policy / Project Profile
Fairness, Ethics, Accountability, Transparency (FEAT) Principles
Fairness, Ethics, Accountability, and Transparency principles for AI use in the financial sector.
- Category
- Sector Regulation
- Published / Updated
- 2018
- Issuing body
- Monetary Authority of Singapore (MAS)
- Parliament links
- 4 records
Strategic Context
4 parliamentary records linked.
Detailed Notes
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.
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