Third Party Risk, Labour Market Disruption Among Key Threats
This interim report from FIFAI II reviews common themes emerging from a workshop on AI and financial stability, hosted by GRI, OSFI, the Department of Finance (Canada) and the Bank of Canada on October 29, 2025. This session convened more than 50 senior leaders from government and regulatory agencies, industry and academia to examine key AI risks, including third-party dependencies, AI-driven market volatility, emerging agentic AI behaviours and labour-market disruptions. Participants agreed that AI could intensify operational fragility, drive correlated market behaviour and amplify credit risk. Several participants noted that the greatest long-term risk may be failing to innovate quickly enough.
The final workshop, on AI and consumer protection, was held November 13, and the interim report for that session is expected soon. A final report on the findings of all four workshops will be published in March 2026.