Public responses to consultation on Sound Practices for Responsible Adoption of Artificial Intelligence (AI)
Consultation responses to ‘Sound Practices for Responsible Adoption of Artificial Intelligence (AI): Consultation report‘.
The FSB has published public responses to its consultation on sound practices for responsible AI adoption, following the 10 June 2026 consultation report and the 22 July 2026 comment deadline. This is a consultation-stage update, so it does not create binding obligations, but it signals the direction of emerging global expectations for AI governance in financial institutions.
Key dates
- 2026-06-10
- FSB published the consultation report on Sound Practices for Responsible Adoption of Artificial Intelligence (AI)
- 2026-07-22 Deadline
- Deadline for written comments on the consultation report
- 2026-08-06
- FSB published the public responses to the consultation
Suggested considerations
- Compliance teams may wish to review the consultation responses to identify supervisory themes and likely refinements to the final FSB report.
- Firms considering or already using AI may wish to map their current governance, risk, and lifecycle controls against the FSB’s 12 proposed sound practices.
- Risk and model governance teams may wish to assess whether their controls address generative AI, agentic AI, and third-party or technology dependencies in a way that aligns with the consultation’s focus.
- Public policy and regulatory affairs functions may wish to track the final report once published, as it may influence national supervisory expectations even if it remains non-binding soft law.
What changed
The publication makes available the written public comments received on the FSB’s consultation report on Sound Practices for Responsible Adoption of Artificial Intelligence (AI). The underlying consultation proposed a menu of 12 sound practices for financial institutions to apply across organisation-wide AI governance and the full AI lifecycle, including emerging forms such as generative AI and agentic AI.
Compliance impact
The immediate compliance impact is limited because this is a consultation-response publication and the underlying document is non-binding guidance. The practical consequence is that firms may see the direction of future international supervisory expectations on AI governance, lifecycle controls, and related technology and third-party risks.
References
- [1] fsb.org/2026/06/sound-practices-for-responsible-adoption-... third-party
- [2] fsb.org/uploads/P100626.pdf third-party
- [3] fsb.org/2026/06/virtual-outreach-event-on-fsb-sound-pract... third-party
- [4] fsb.org/policy_areas/financial-innovation/ third-party
- [5] cms.law/en/gbr/legal-updates/FSB-Sound-practices-for-resp... third-party
- [6] fsb.org third-party
- [7] xbrl.org/news/fsb-consults-on-responsible-ai-adoption-in-... third-party
- [8] federalreserve.gov/newsevents/speech/bowman20260707a.htm
AI-generated analysis. May contain errors or omissions — verify with the original FSB source before acting. Full disclaimer.