Modernizing policies, guidance, and supervision for regulatory efficiency
We're modernizing our policies, guidance, and supervision to create a regulatory environment that is agile, risk based, and capable of delivering targeted responses—one that enhances resilience and contributes to innovation across Canada's financial sector for economic growth. See OSFI’s policy releases and announcements schedule for more information.
Work to date
We've taken proactive steps to modernize our work and this is just the start. The work that we've been doing to recalibrate our regulatory framework is not a singular event. It's part of who we are as a modern regulator. This work will be ongoing as it enhances how we respond to risks and improves the overall efficiency of our oversight.
Benefits
Our approach helps contribute to public confidence in the Canadian financial system by:
- focusing on the right risk, with the right regulatory response, at the right time
- eliminating redundancies and outdated expectations, and simplifying guidance
- supervising more effectively and efficiently
- enhancing transparency and predictability
Policy releases, announcements and industry days
In support of our modernization work, we hold Quarterly Release and Industry Days providing transparency and predictability by issuing (draft and final) guidance, consultations, and announcements on predetermined dates.
Our current guidance library and consultations are always available on our website.
Announcements and publishing of the Domestic Stability Buffer, the Annual Risk Outlook, and the Semi-Annual Risk Outlook are excluded from the Quarterly Release and Industry Days. Those can be found under major announcements on OSFI's homepage.
See OSFI’s policy releases and announcements schedule for details.
What's new - January 8, 2026
OSFI's providing additional regulatory relief
The Office of the Superintendent of Financial Institutions (OSFI) is deprioritizing areas that pose less immediate risk to systemic stability. Concentrating resources where they matter most ensures institutions can adapt and grow while preserving confidence and stability.
As such, we are delaying several policy and guidance initiatives from our original schedule. These postponements include:
- consulting on revised Guideline B-12 on Interest Rate Risk Management, which will be rescheduled for a later date
- consulting on the disclosure expectation for financed emissions related to off-balance sheet assets under management under Guideline B-15, which will be revisited in due course, and deferring the implementation to a future date
- publishing the Guide to Administrative Monetary Penalties (AMPs), which is now to be published on January 29, 2026
These adjustments reflect OSFI's discipline of continuously refining the release of our regulatory guidelines and advisories and responds directly to industry concerns by looking for opportunities to remove unnecessary burden. They also reflect our commitment to regulatory efficiency by streamlining oversight and prioritizing efforts where they matter most, without compromising resilience.
In line with this approach, OSFI will also wind down its Climate Risk Forum. This step reflects the sector's growing maturity, streamlines engagement, and allows us to focus on core supervisory priorities while maintaining clear expectations through existing guidance. We will continue to inform and engage with stakeholders through other channels, including Quarterly Releases and Industry Days.