REGULATION · GLOBAL
Scientists call for creation of international AI regulatory body; echoes IPCC model
Leading researchers and policy experts are urging creation of a global AI governance authority modeled on the IPCC (climate), to harmonize standards, oversee frontier model development, and coordinate safety research across jurisdictions.
WHY IT MATTERS
Currently fragmented: EU AI Act, UK FCA guidance, US executive orders, China rules. A global body would pressure BFSI to adopt unified compliance frameworks for model risk, but risk reduces regulatory competition and innovation velocity.
Source: The Globe and Mail · 2026-10-13