FSB - Sound Practices for Responsible Adoption of Artificial Intelligence (AI): Consultation report
The Financial Stability Board has published a consultation report that highlights the benefits and risks associated with AI use in the financial system.
To facilitate responsible AI adoption by financial institutions, the report proposes a menu of 12 sound practices that financial institutions could apply in their organisation-wide AI governance and management of the relevant stages of AI development and deployment (AI lifecycle). The report includes case studies drawn from real-world AI implementation practices by financial institutions. These case studies illustrate how the sound practices may be applied in practice and, where relevant, how they can be applied proportionately.
The sound practices aim to help the board and senior management of financial institutions as they consider business strategy, technology adoption, and risk management in an increasingly AI-enabled environment. The report builds on existing and ongoing work by the FSB and other standard-setting bodies, as well as national and regional financial authorities. It also incorporates insights from a range of stakeholders across the financial system, including financial institutions and their technology vendors.
The consultation runs until 22 July 2026

