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ARTICLE · 01 DECEMBER 2025

OSFI Responds To The Growing Use Of AI: Key Updates To Guideline E-23

Borden Ladner Gervais LLP
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On September 26, 2025, Canada's federal government announced the launch of a new AI Strategy Task Force, whose preliminary recommendations are expected...

CanadaTechnology

Globally, attempts at AI governance continue to evolve:

  • On September 26, 2025, Canada's federal government announced the launch of a new AI Strategy Task Force, whose preliminary recommendations are expected to be released later this month and are expected to inform Canada's anticipated federal AI legislation.
  • South of the border, California became the first U.S. state to enact a comprehensive suite of AI laws, which will govern a wide range of issues, including automated decision-making, privacy, transparency, and AI safety.
  • Internationally, the G7 Cyber Expert Group released a statement on AI and Cybersecurity, noting the dual role of AI in the financial sector and the need for coordination between financial authorities, institutions, academics, and technology developers to ensure the industry's readiness for AI-driven security incidents.

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