HKMA announces ART framework for responsible AI adoption in banking
The Hong Kong Monetary Authority (HKMA) announced its ART Framework for responsible AI adoption in banking on Oct. 15, with the latest supervisory guidance and further testing of agentic AI in its Sandbox. The HKMA says more than 60% of use cases in its second GenA.I. Sandbox cohort explored agentic AI, with an upcoming discussion paper on a proposed supervisory framework for agentic AI governance.
NoteFor banks, the upcoming discussion paper will explore a registry of material AI agents and effective intervention mechanisms.