---
title: "MAS Partners Industry to Deve… | Insights — Lyoen & Partners"
url: https://lyoenandpartners.com/insights/mas-partners-industry-to-develop-ai-risk-management-toolkit-for-the-financial-sector
description: "MAS announced on 20 March 2026 the conclusion of phase two of Project MindForge — an AI Risk Management Toolkit for the financial services sector develope…"
lang: en-US
---

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Friday, March 20, 2026regulation

# MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector

MAS announced on 20 March 2026 the conclusion of phase two of Project MindForge — an AI Risk Management Toolkit for the financial services sector developed jointly with a 24-firm consortium of banks, insurers and capital-market participants. The toolkit's centrepiece is an 'AI Risk Management Operationalisation Handbook' structured in four sections: scope and AI oversight, AI risk management, AI lifecycle management, and enablers. It covers traditional AI, generative AI, and emerging agentic AI risk dimensions. For Singapore-regulated financial-sector boards, this is the most concrete operational playbook MAS has issued to translate AI governance principles into board-level oversight workflows.

Sources

Monetary Authority of Singapore (https://www.mas.gov.sg/news/media-releases/2026/mas-partners-industry-to-develop-ai-risk-management-toolkit-for-the-financial-sector)

Topic: Decision Quality: https://lyoenandpartners.com/insights/topic/decision-quality
Region: Southeast Asia: https://lyoenandpartners.com/insights/region/sea

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