Canadian bank execs, regulators meet to discuss risks raised by Anthropic's new AI model

Canadian bank executives and regulators met on Friday to discuss cybersecurity risks posed by Anthropic's new AI model, along with other financial system issues, according to the Department of Finance.

The meeting of the Canadian Financial Sector Resilience Group happened several days after U.S. Treasury Secretary Scott Bessent summoned the chief executives of the largest U.S. banks to discuss potential financial-sector risks posed by the release of the Claude Mythos AI model by Anthropic.

The Canadian Financial Sector Resilience Group is chaired by Alexis Corbett, the chief operating officer of the Bank of Canada. It includes members from the Department of Finance, the Office of the Superintendent of Financial Institutions and several other regulators, along with members of Canada's six largest banks and Desjardins.

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The meeting was called to discuss issues related to the Mythos model, according to Bank of Canada spokesperson Paul Badertscher.

Department of Finance spokesperson John Fragos said the Mythos model was one of several issues discussed at the meeting, and that the meeting was part of regular consultation between regulators and financial system participants.