Inside FinTech

Recent developments on AI in federal government institutions

Recent developments on AI in federal government institutions

Canada’s proposed artificial intelligence (AI) legislation, the Artificial Intelligence and Data Act, died on the Order Paper earlier this year when Parliament was prorogued. While the future of AI legislation in Canada remains unclear, the federal government remains committed to strengthening Canada’s global position and approach to AI as a leader in the field.

Canada | Articles | March 26, 2025

Artificial intelligence
IP monitor: OECD AI paper: IP issues in AI trained on scraped data

IP monitor: OECD AI paper: IP issues in AI trained on scraped data

Developing high-performance generative AI systems and other AI systems based on machine learning often requires access to vast amounts of data for training (AI training data) and improving their accuracy and performance, and data scraping is an approach that is taken to generate large enough data sets.

Canada | Articles | March 26, 2025

Artificial intelligence
Nouvelles lignes directrices du Bureau du surintendant des institutions financières sur les expositions sur crypto-actifs

Nouvelles lignes directrices du Bureau du surintendant des institutions financières sur les expositions sur crypto-actifs

Le 20 février 2025, le Bureau du surintendant des institutions financières (BSIF) a publié le Régime au regard des normes de fonds propres et de liquidité visant les expositions sur crypto actifs (banques) – Ligne directrice (la ligne directrice applicable aux banques) ainsi que le Régime au regard des normes de capital visant les expositions sur crypto actifs (assurance) – Ligne directrice (la ligne directrice applicable aux assureurs, et avec la ligne directrice applicable aux banques, les lignes directrices).

Canada | Articles | March 26, 2025

Cryptoassets / cryptocurrencies / stablecoins and CBDCs
Asset management: Risk allocation and liability profiles in technology contracts and outsourcings for asset managers

Asset management: Risk allocation and liability profiles in technology contracts and outsourcings for asset managers

Increased regulatory burdens on asset management businesses have resulted in additional cost pressures. However, regulation has also required more pricing transparency, which has led to an increasingly competitive market, with investors demanding either ultra-low cost or increasingly bespoke investment solutions.

United Kingdom | Articles | March 19, 2025

Digital operational resilience in financial services (DORA)
What do organisations need to disclose to individuals about AI and automated decisions?

What do organisations need to disclose to individuals about AI and automated decisions?

Individuals have the right to receive meaningful information about solely automated decisions with significant effects under the General Data Protection Regulation (GDPR). This includes decisions that will impact an individual’s finances or employment.

United Kingdom | Articles | March 10, 2025

Artificial intelligence
Prohibited practices under the AI Act: Answered and unanswered questions in the Commission's guidelines

Prohibited practices under the EU AI Act: Key questions answered

The EU AI Act’s prohibitions came into effect on 2 February 2025 and carry fines of 7% worldwide annual turnover for non-compliance. The prohibitions at Article 5 and accompanying recitals (particularly recitals 28-44) set out a complex set of provisions.

Global | Articles | March 05, 2025

Artificial intelligence
SFC unveils new roadmap for further development of Hong Kong’s virtual assets regulatory framework

SFC unveils new roadmap for further development of Hong Kong’s virtual assets regulatory framework

The Securities and Futures Commission’s (SFC) has on 19 February 2025 rolled out a new regulatory roadmap setting out its core guiding principles to continue Hong Kong’s development as a virtual assets (VA) hub.

Global | Articles | March 03, 2025

Cryptoassets / cryptocurrencies / stablecoins and CBDCs
Further DORA delegated acts published in OJ

Further DORA delegated acts published in OJ

On 20 February 2025, the following was published in the Official Journal of the EU (OJ).

Global | Articles | February 27, 2025

Digital operational resilience in financial services (DORA)
ESAs provide a roadmap towards the designation of CTPPs under DORA

ESAs provide a roadmap towards the designation of CTPPs under DORA

On 18 February 2025, the European Supervisory Authorities (ESAs) issued a roadmap to the designation of critical ICT third-party service providers (CTPPs) under the Digital Operational Resilience Act (DORA).

Global | Articles | February 27, 2025

Digital operational resilience in financial services (DORA)