Proposed: board senior mgmt oversight
Is this legally binding?
Consultation. Proposed, not final. Read it, plan for it, and do not treat it as settled.
Proposed and not final. Nothing here can be enforced against you yet.
PROPOSED expectation (Guidelines para 2.2): the Board and senior management should maintain effective oversight of AI-related risks, foster appropriate risk culture for AI use, and ensure AI use does not conflict with meeting other supervisory expectations. Not final - at consultation stage.
From the source
“The Board and senior management should maintain effective oversight of AI-related risks, foster the appropriate risk culture for the use of AI”
Consultation Paper P017-2025 / proposed Guidelines (see summary for paragraph)
What this connects to
2 relations. Official relations are the ones the source documents state; anything marked GAGE analysis is our reading, not an agency's.
Cites2
- SectionProposed Guidelines Section 2: AI oversightConsultation
Proposed expectation within this section of the draft Guidelines
- InstrumentConsultation Paper on Proposed Guidelines on Artificial Intelligence Risk Management for Financial Institutions (P017-2025)Consultation
Proposed expectation in P017-2025 (not final)
Verified against the official source on 2026-08-17. GAGE is not affiliated with or endorsed by any agency named here, and nothing on this page is legal advice. How this is built and checked.