OSFI flags frontier AI as top threat to Canada’s financial system
“In an era of advancing AI capabilities, resilience is a competitive advantage,” said Peter Routledge, Superintendent of Financial…
Canada regulator cited Anthropic’s Claude Mythos in warning to banks on cyber risks, email shows
(Correct Bruce Ross’s title to Group Head, AI, not chief technology officer, in paragraph 17) By Nivedita Balu…
OSFI warns AI voice cloning is putting Canadian bank accounts at risk
A phone on the phone looking concerned Imagine your phone rings and it’s your son. He says he’s…
Canada’s financial institutions watchdog backs innovation, but won’t risk stability
Turning to the regulator’s role, Routledge stressed that it does not aim to steer innovation among financial institutions,…
Canada’s banks could lend an additional $1 trillion to help economy adapt, federal regulator says
“Canada’s banks have ample capacity to help fund the country’s adjustment in this new era,” says Peter Routledge,…