The Globe and Mail reports in its Friday edition that the Office of the Superintendent of Financial Institutions warns that rapid artificial intelligence development is increasing cybersecurity and technology sovereignty risks in the financial system. The Globe's Stefanie Marotta writes that the OSFI noted increased AI risks in its fall update, saying the pace of AI development has "accelerated materially" since its April risk outlook. The rate of change in frontier models is "unprecedented" and the time between discovering a vulnerability and potential exploitation of that gap has shortened, reducing the time that financial institutions have to identify the risk and address it. OSFI superintendent Peter Routledge says: "In an era of advancing AI capabilities, resilience is a competitive advantage. Financial institutions that harness AI responsibly while managing cyber, technology and third-party risks will position themselves to thrive in a complex environment." On Wednesday, Mr. Routledge told a room of financial institution risk professionals that the OSFI is planning to implement an AI "safety code" as threats from AI agents and Anthropic's powerful Claude Mythos model escalate risks among the country's banks.