15:44:57 EDT Thu 30 Apr 2026
Enter Symbol
or Name
USA
CA



National Bank of Canada
Symbol NA
Shares Issued 385,988,917
Close 2026-04-29 C$ 201.17
Market Cap C$ 77,649,390,433
Recent Sedar+ Documents

FP says CIBC, rivals hear AI risks coming fast

2026-04-30 08:21 ET - In the News

See In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)

The Financial Post reports in its Thursday, April 30, edition that the emergence of Anthropic PBC'S Mythos is a signal point for the financial system to "put on our thinking caps and our glasses" to understand what risks artificial intelligence poses, said Office of the Superintendent of Financial Institutions head Peter Routledge on Tuesday. The Post Naimul Karim writes that Mr. Routledge said the industry needs to "really understand what's coming at us, because it's coming at us pretty fast." He also said neither OSFI nor banks can tackle those risks alone. "It"s got to be a shared effort," he said. Earlier this month, Anthropic introduced Mythos, an AI model designed to uncover and exploit software vulnerabilities. The company has withheld its public release due to concerns about increased cyber risk if it falls into the wrong hands. Mr. Routledge's comments mark a slight shift in tone for the OSFI. Over the past two years, the regulator focused on understanding AI rather than regulating it. Mr. Routledge said: "I sort of said, 'It's too early to jump into regulation and our first principle should be to do no harm and enable institutions to innovate with AI.' We approached AI with a healthy restraint."

© 2026 Canjex Publishing Ltd. All rights reserved.