Towards Greater AI Governance Alignment: State of Play and Opportunities

Globally, regulators are each moving ahead with their own AI governance tracks, ranging from voluntary frameworks to draft legislation and sector-specific rules. This growing regulatory fragmentation, if not managed well, could raise the compliance burden for regional fintechs and banks, and ultimately undermine broader goals of achieving integrated digital markets, with multinational financial institutions having to account for different risk-classification, testing, and disclosure regimes in their AI use-cases.

Using Southeast Asia as a case, this roundtable takes stock of how ASEAN member states regulate and supervise AI in financial services, and where closer alignment is within reach. Participants, including ASEAN central banks, banking associations, and regional financial institutions, will discuss the most pressing near-term opportunities to leverage and challenges to address.

Roundtable outputs will feed into efforts to build a long-term implementation roadmap to facilitate greater alignment across AI governance in ASEAN, with lessons relevant to any region working to bring AI rules closer together.