Canada's position as a global leader in artificial intelligence (AI) is under threat. Despite the country launching a national AI strategy almost 10 years ago, its social and economic impact in the field is lagging compared to its peers. This paper recommends creating a six-pillar AI framework...

This paper focuses on Canada’s Detailed Assessment of Observance—Basel Core Principles for Effective Banking Supervision report. Banking supervision in Canada is well-functioning and mature, overseeing a complex, concentrated and large banking system. Office of the Superintendent of...

This Technical Note on Climate Risk Analysis highlights that the financial sector in Canada is exposed to both physical and transition climate risks. Canadian regulators are working on advancing climate risk management in financial institutions. The Financial Sector Assessment Program also...

This Technical Note focuses on Crisis Preparedness and Safety Nets in Canada. Canadian authorities can exercise a broad range of powers in resolution and the recovery and resolution toolbox is comprehensive and mature. The safety net for depositors in Canada is generally well developed, both at...