SAMA: Public–private cooperation key for overseeing AI apps, backing financial stability

Ayman Alsayari, Governor of SAMA

Ayman Alsayari, Governor of the Saudi Central Bank (SAMA), stressed the need to build capabilities and extend public–private cooperation to ensure regulators and market participants are prepared to supervise artificial-intelligence (AI) applications and safeguard financial stability.

Speaking at the G20 Finance Ministers and Central Bank Governors meeting, he said financial authorities should ensure supervisory frameworks keep pace with innovation so regulators remain ready for market developments.

He added that international efforts should focus on cross-border supervisory cooperation, information-sharing and alignment of prudential and conduct standards—particularly in emerging and developing economies.

Alsayari noted ongoing AI reports being prepared by the BIS, the Financial Stability Board and the World Bank, saying AI’s rapid integration into financial systems underscores the need for strong governance, transparency and accountability frameworks.

He welcomed global progress on regulatory approaches to crypto-assets and global Stablecoins, while warning that uneven implementation of the Financial Stability Board recommendations continues to pose regulatory and financial challenges.