Canada’s AI regulatory landscape for financial institutions is still taking shape. Without an overarching federal statute, the financial services industry must navigate a patchwork of guidance and regulation from privacy and securities regulators. As organizations move from pilot projects to deploying AI in real-world operations, they also face heightened exposure to securities litigation and privacy class actions. Dentons’ Litigation and Dispute Resolution and Privacy and Cybersecurity groups recently hosted a webinar in November discussing these challenges. The following are the key takeaways of the regulatory overview and litigation risks for financial institutions adopting AI.

Read the full article here.

Print Friendly, PDF & Email
Subscribe and stay updated
Receive our latest blog posts by email.
Stay in Touch
Kelly Osaka

About Kelly Osaka

Kelly is a partner in the Litigation and Dispute Resolution group, the Privacy and Cybersecurity group and co-lead of the Privacy Litigation subgroup. Based in Calgary, Kelly brings a wealth of experience to assisting clients across industries including energy, financial services, real estate and technology.

Full bio

Deepshikha Dutt

About Deepshikha Dutt

Deepshikha Dutt is a partner in the Litigation and Dispute Resolution group in Toronto. She also co-leads the National Professional Liability subgroup. Her practice focuses on professional liability, class actions and insurance-related matters, primarily dealing with directors and officers (D&O), and errors and omissions (E&O) liability.

Full bio

Michael Beeforth

About Michael Beeforth

Mike is a commercial litigator and a partner in Dentons' Litigation and Dispute Resolution group. Mike has particular expertise in advising clients in the financial services industry, having spent 18 months seconded to a large Canadian bank where he managed litigation for the bank's capital markets, wealth management and treasury services businesses. Mike also regularly advised the business on compliance and regulatory issues, and planned and managed numerous internal investigations regarding a variety of issues, including regulatory inquiries and prosecutions, employment matters, and securities issues. Mike’s in-house perspective has allowed him to appreciate the importance of bringing value and certainty to clients through the use of creative staffing models and alternative fee arrangements.

Full bio

RELATED POSTS