Several key components are necessary for implementing generative AI in finance. Ethical equity ensure that AI serves all user fairly without bias or discrimination. AI systems should be transparent and understandable for users, establishing clear lines of responsibility for AI decisions. Accurate, complete and good quality data should be used with adherence to privacy and data protection laws. Financial institutions should implement robust security measures, prioritizing the safety of both users and property. AI systems should also be reliable and built on sustainable and environmentally friendly policies.