Back to the live feed
Policy & Regulation
Artificial intelligence grows to 'risk front and centre' for Canada's banking regulator
AI-generated summaryA model wrote this from the publisher’s headline and short excerpt. It can leave out context or contain errors, so read the original report before relying on it. How summaries are made
Summary
Canada’s banking regulator has put AI-related threats at the centre of its risk concerns after recent incidents involving AI agents and cyberattacks. Office of the Superintendent of Financial Institutions head Peter Routledge said the regulator is considering an AI safety code to set a minimum level of protection, but has not drafted one. OSFI said advanced AI can help attackers combine weaknesses across connected systems and leave institutions less time to respond.