Hong Kong’s Monetary Authority announced its ART Framework on 15 October, setting out an approach to responsible artificial intelligence adoption in banking based on Accountability, Resilience and Trust. The HKMA said it had issued updated supervisory guidance informed by its second Generative AI Sandbox cohort. The initiatives also include an AI training-data sharing platform, developed with Hong Kong Cyberport Management Company and the University of Hong Kong. The authority said it would continue testing agentic AI through GenA.I. Sandbox++ and publish a discussion paper on a proposed agentic-AI governance framework. More than 60% of use cases explored in the second sandbox cohort involved agentic AI, according to the HKMA.

Why it matters

  • The guidance and planned governance work address AI oversight in Hong Kong’s banking sector.
  • The HKMA’s reported sandbox results show agentic AI was prominent in the tested use cases.