One of the most important developments in AI governance this year did not come from Washington, Brussels, or London. It came from Singapore.
The Monetary Authority of Singapore (MAS) has released an AI Risk Management Toolkit for financial institutions, with a central operational handbook designed to help firms govern not only traditional AI and generative AI, but also agentic AI. That last category matters. MAS recognized that the next compliance challenge is not simply AI that drafts, predicts, or recommends. It is AI that can take autonomous actions in business processes such as fraud detection, credit decisioning, and customer service.
