Regulatory analysis, written from inside the artifact.

Long-form notes on the frameworks, enforcement actions and operating-model questions that land in front of us every week. Written for practitioners in the second line of defence, for the risk committees that read their reports, and for the counterparties reading yours.

Featured

The three pieces we keep sending to clients.

Each of these lands on a question that has moved from academic to invoiced over the last six months, AI liability, AI-insurance binding, and the collision between legacy data governance and AI governance programmes.

Additional reading

Artifacts

The Five AI Governance Artifacts Every Canadian FSI Needs

The core artifact set a Canadian FSI supervisor will recognise, inventory, model cards, validation, monitoring, and the control library beneath them.

Canadian FSI

FINTRAC 2026 Amendments and CIRO Consolidation

What the FINTRAC amendments and CIRO consolidated rulebook mean for AI deployed inside Canadian AML, KYC and trade supervision.

Monitoring

The Intervenability Turn, Monitoring Isn't Enough in 2026

Regulators are moving past detection and into the intervenability question, can you stop, throttle or unwind the AI before harm compounds?

Vendor · B-10

OSFI E-23 Vendor Cascade

How the E-23 obligation reaches into the vendor stack and why nth-party AI discovery is now a table-stakes diligence artifact.

Fintech · Vendor

The OSFI E-23 Vendor Playbook

How fintechs selling into Canadian Schedule I banks answer AI-governance questionnaires without re-papering every engagement.

OSFI · FIFAI

What OSFI Is Signalling Through Its AI Governance Workshops

FIFAI is a channel, not a rulebook. How OSFI's supervisory themes cascade through E-23, B-10 and E-21 to shape AI governance programmes in Canadian FRFIs.

Operating model

AI Governance Consultancy or Platform, When to Choose Each

The build-vs-buy decision for AI governance infrastructure. Where platforms win, where specialists win, and why the answer is almost always both.

Cross-border MRM

SR 11-7 Meets OSFI E-23, A Cross-Border Crosswalk

For firms operating across US and Canadian supervisory perimeters, one validation file that answers both, and the gotchas in the mapping.

Operating model

Three AI Governance Gaps That Existing Tools Cannot Close

Where the current generation of GRC and MLOps tooling stops and what an AI-era governance operating model has to carry.

The reading is the opening act. The operating model is the work.

Every piece above maps to a playbook, a framework and a control set the firm runs. Start with an enquiry; we'll walk you from the note to the artifact.