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On 15 September 2020, the Canadian Office of the Superintendent of Financial Institutions (OSFI) published a discussion paper titled “Developing Financial Sector Resilience in a Digital World” and opened a public consultation until 15 December 2020. The paper focused on new risks from rapidly developing digital technologies and their potential impact on Canada’s financial sector. Risk areas include cybersecurity, advanced analytics (artificial intelligence and machine learning), and the use of third-party services such as cloud computing.
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