The exponential growth of artificial intelligence (AI) has yielded significantachievements across various sectors of the economy, including finance. Thisgrowth, however, has also introduced economic instabilities that regulatorsneed to address by establishing ethical frameworks. These frameworks areessential to ensure that AI is managed properly and does not contravene thefinancial regulations and legal standards of a country. Drawing on the experiences of countries including the United States of America, Europe, and Chinaby gathering regulations publicized by authorities, this study aims to offerrecommendations for regulatory bodies on developing an ethical frameworkfor AI management in the financial sector, with the ultimate purpose is to useAI in a way that is sustainable and socially responsible, thereby contributing to the establishment of a developed and sustainable financial system.The study also discusses the potential challenges of implementing AI ethicalframeworks in organizations in the financial sector, which may raise the necessary adjustments of AI ethical framework when being applied in pratice