Managing the AI Risks in the Financial Sector: OSFI’s Bulletin on Generative and Agentic Artificial Intelligence – McCarthy Tetrault

The Office of the Superintendent of Financial Institutions (OSFI) has issued a bulletin addressing risk management practices for generative and agentic artificial intelligence in Canada’s financial sector. McCarthy Tetrault provides analysis of OSFI’s guidance on how financial institutions should approach AI governance and mitigate associated risks. The bulletin establishes expectations for banks and other regulated entities regarding the oversight and responsible deployment of these AI technologies.

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