In a recent report, credit rating agency Morningstar DBRS discusses the increasing threat of operational risk to Canadian financial institutions.
The report notes that "exposure to these risks has grown substantially", driven by rapid technological advancements, increased reliance on third parties, geopolitical tensions, and large-scale mergers. Additionally, cyber threats, fraud, and anti-money laundering (AML) risks are escalating, with some being state-supported. Canada's Office of the Superintendent of Financial Institutions (OSFI) underscored these concerns in its 2025–26 Annual Risk Outlook, identifying "integrity and security risk" as its top concern.
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.
Join The Discussion
Sign in and be the first to comment.