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MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has released voluntary governance principles for the use of artificial intelligence (AI) in financial services, laying out its expectations for how banks should manage the risks of the fast-growing technology without stifling innovation.
The guidance, released through Memorandum No. M-2026-031 is intended to help banks and other financial institutions develop their own policies for overseeing AI and managing the risks associated with its use.
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The central bank recommends that financial institutions establish AI governance frameworks tailored to the nature, scale and complexity of their AI systems, as well as their overall operations and risk profiles.
