Office of the Superintendent of Financial Institutions

organization

Last mentioned: 1d ago

Stories mentioning Office of the Superintendent of Financial Institutions 2

AI Fraud Losses Surge to $704M in Canada as Deepfakes Target Financial Markets

Canada’s financial landscape is grappling with a massive spike in AI-driven fraud, with losses reaching a record $704 million in 2026. This surge highlights the growing sophistication of deepfake technology and automated phishing, forcing a rapid evolution in banking security and regulatory oversight.

1d ago 2 sources

Financial Regulation Bearish

BoC Warns of Sovereign Debt Fragility and Private Credit Shadow Risks

Bank of Canada Governor Tiff Macklem has identified escalating risks to the global financial system, specifically highlighting the sustainability of sovereign debt and the rapid, opaque growth of private credit markets. These vulnerabilities threaten to amplify market shocks as the global economy navigates a high-interest-rate environment.

Mar 5, 2026 2 sources