Global bodies are converging on board accountability, lifecycle controls, third-party concentration and system-wide monitoring, but do not create directly binding firm obligations.
The FSB has proposed 12 sound practices for responsible AI adoption. Basel analysis documents how banks are governing GenAI and where existing controls need strengthening.
Internationally active banks and financial groups; national supervisors decide how standards enter local supervision.
Summarised from the primary instruments below. Open the source before relying on an obligation for legal or compliance decisions.
Board and senior management oversight, a firm-wide AI strategy and clear ownership across the AI lifecycle.
Identify concentration, dependency and substitutability risks across model, cloud and data providers.
Track adoption, material use cases and vulnerabilities using consistent indicators and supervisory information.
The original authority remains the source of truth. Dates below are publication and effective dates, not OneBench ingest dates.
Financial Stability Board
Proposes 12 practices covering organisation-wide governance and the development, deployment and monitoring lifecycle.
Basel Committee on Banking Supervision
Documents GenAI adoption, governance practices and risks spanning model performance, data, explainability and third parties.