FSB finalises 12 sound practices for responsible AI adoption by financial institutions

The Financial Stability Board has published its final report on responsible AI adoption, setting out 12 sound practices firms are encouraged to consider. This segment walks through what the practices cover, how they split between organisation-wide governance and lifecycle risk management, and where boards and senior management are expected to engage.

• The FSB finalised 12 sound practices for responsible AI adoption on 15 October 2026 in a report to the G20.
• The practices are grouped into organisation-wide AI governance and lifecycle risk management from development to deployment.
• Board and senior management are strongly encouraged to reference the practices in strategy, technology adoption and risk management.
• Specific practices cover data governance, explainability and transparency, human oversight, cyber and ICT risk, and third-party AI dependencies.
• The final report follows a June 2026 consultation report and an October 2025 report on monitoring AI adoption and related vulnerabilities.

Executive summary

The Financial Stability Board on 15 October 2026 published the final version of its report Sound Practices for Responsible Adoption of Artificial Intelligence (AI), a report to the G20. The document notes that financial institutions have long used AI tools,…

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