<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 7: Top risks to business operations from using artificial intelligence</label>
    <description><![CDATA[Note: The risk index is a weighted average of the ranking of each risk category. For the index, we assign different values to each response option: 1st choice: 5 points; 2nd choice: 4 points; 3rd choice: 3 points; 4th choice: 2 points; 5th choice: 1 point. The weights are the frequency of each response. Other was one of the multiple-choice options.

Source: Bank of Canada]]></description>
    <link>https://www.bankofcanada.ca/?p=253428</link>
</groupDetail>
<seriesDetail>
<series id="FSS_2026_C7_S1">
<label>Risk index</label>
<description>Risk index</description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="Data quality, bias or representativeness"><v s="FSS_2026_C7_S1">2.51</v></o>
<o k="Cyber security or data privacy"><v s="FSS_2026_C7_S1">2.51</v></o>
<o k="Model risk or lack of explainability or interpretability"><v s="FSS_2026_C7_S1">2.29</v></o>
<o k="Inadequate governance, oversight or accountability"><v s="FSS_2026_C7_S1">1.39</v></o>
<o k="Operational risk (e.g., errors, outages or overreliance on automation)"><v s="FSS_2026_C7_S1">1.18</v></o>
<o k="Risk of dependency on a third party or vendor"><v s="FSS_2026_C7_S1">0.84</v></o>
<o k="Legal or liability risk"><v s="FSS_2026_C7_S1">0.75</v></o>
<o k="Regulatory or compliance uncertainty"><v s="FSS_2026_C7_S1">0.75</v></o>
<o k="Reputational risk"><v s="FSS_2026_C7_S1">0.49</v></o>
<o k="Other"><v s="FSS_2026_C7_S1">0.10</v></o>
<o k="Financial risk"><v s="FSS_2026_C7_S1">0.08</v></o>
</observations>
</data>