Global FSB identifies 12 ways to minimize AI risks, maximize responsible adoption
By Neil Roland ( October 15, 2026, 04:00 GMT | Insight) -- The Financial Stability Board identified 12 ways to minimize artificial intelligence risks among financial firms while maximizing responsible AI adoption – including “strongly” encouraging board and senior management to “reference” these practices. In its “Sound Practices for Responsible Adoption of Artificial Intelligence” report, the Basel-based FSB said the practices include several that flag top management’s “pivotal role” in overseeing alignment between a firm’s AI adoption and its business model, risk appetite, and strategy. Top management also should assume responsibility for “maintaining an appropriate governance framework with well-defined roles and responsibilities."The Financial Stability Board identified 12 ways to minimize artificial intelligence risks among financial firms while maximizing responsible AI adoption – including “strongly” encouraging board and senior management to “reference” these practices....
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