Roundtable 5: AI Governance for Financial Services: Co-Creating Ethical, Explainable, and Interoperable Frameworks

Actionable Outcomes: Develop actionable recommendations for ethical and explainable AI frameworks in financial services

With 71% of organizations having already adopted AI/ML technologies and 84% poised to explore cognitive AI, this roundtable convenes regulators and industry leaders to develop harmonised operational approaches to AI governance in financial services across Asia. The session will address critical challenges in establishing practical ethical AI principles, defining appropriate algorithmic fairness requirements, and creating explainability standards that maintain consumer trust while enabling innovation. Participants will move beyond theoretical discussions to identify tangible solutions for technical implementation, specifically focusing on creating frameworks that are internationally interoperable for diverse markets. Through structured public-private dialogue, participants will work toward actionable frameworks that respect human dignity and autonomy while acknowledging the competitive realities facing financial institutions in Asia's diverse markets.