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ARTICLE · 06 APRIL 2026

OSFI Pivots To “AGILE” Framework For Effective Management Of AI Risks And Opportunities

McMillan LLP
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The fast pace of technological change and AI adoption presents a strategic opportunity to strengthen Canada’s financial system while simultaneously posing risks.

CanadaTechnology
Darcy Ammerman
Darcy Ammerman
Delina Wen
Delina Wen
Laura Kabbabe (Student-at-Law)
Laura Kabbabe (Student-at-Law)
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The fast pace of technological change and AI adoption presents a strategic opportunity to strengthen Canada’s financial system while simultaneously posing risks.

Based on insights from four thematic workshops convened between May and November 2025, the Office of the Superintendent of Financial Institutions (“OSFI”), in collaboration with the Global Risk Institute (“GRI”) and other industry stakeholders, has published a report titled: FIFAI II: AI Risks and Opportunities: Adopting an AGILE Framework in Canadian Financial Services (the “Report”)1 providing an outlook on the opportunities, risks, and emerging practices associated with artificial intelligence (“AI”) adoption across the Canadian financial services sector.

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The foregoing provides only an overview and does not constitute legal advice. Readers are cautioned against making any decisions based on this material alone. Rather, specific legal advice should be obtained.

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