The Zhitong Finance App learned that on September 4, while attending the Hong Kong Association of Banks event, Hong Kong Monetary Authority President Yu Weiwen said that the Hong Kong Monetary Authority is cooperating with the Bank for International Settlements (BIS), the UK Financial Conduct Authority (FCA), and the Saudi Central Bank (SAMA) to develop an AI toolkit (Project Noor) to help the industry evaluate the reliability and interpretability of individual AI application cases. It is expected to be tested next quarter and officially launched early next year.

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