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ARTICLE · 10 NOVEMBER 2026

Q&A With OSFI Superintendent Peter Routledge

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Canada's financial regulator is adapting its risk framework to address emerging threats from artificial intelligence and trade tensions with the United States. OSFI Superintendent Peter Routledge discusses how the agency is balancing innovation with safety while preparing for fundamental changes in the financial system by 2030. The conversation explores regulatory responses to AI-driven cyber risks, household leverage concerns, and the need for Canada to embrace calculated risk-taking during economic transi

CanadaFinance and Banking
Blair Keefe
Blair Keefe
Eli Monas
Eli Monas
Peter Routledge
Peter Routledge
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The Office of the Superintendent of Financial Institutions (OSFI) is in the process of adapting its risk appetite to today’s risk environment. To get a better understanding of what this means for Canada’s financial system, Blair Keefe and Eli Monas, the co-heads of our banking, insurance and financial services regulatory group, asked the Superintendent of Financial Institutions, Peter Routledge, about the risks posed by AI, trade tensions with the United States, why Canada needs to take on more risk, and what the financial landscape might look like in 2030.

OSFI published its semi-annual update to its Annual Risk Outlook on October 8. What are the key developments since the Outlook was published in April 2026?

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