Gender-Based Analysis Plus - 2021-22

OSFI is a prudential financial regulator, focused on financial stability and on the solvency, liquidity, and safety and soundness of federally regulated financial institutions (FRFIs) and private pension plans.

OSFI is one of the agencies under the Finance Canada Portfolio. In the context of its legislative and regulatory work, including statutory amendments and regulatory amendments, work is normally led by the Department of Finance where OSFI’s role in this regard is typically a supporting role to the Department of Finance.

As such, and given its mandate and restricted clientele, OSFI does not have a GBA+ implementation plan in place.

Accordingly, OSFI does not have any Full-Time Employee Equivalents (FTE) dedicated to GBA+ implementation, and there are no planned initiatives to highlight where OSFI would apply and monitor GBA+ in 2021-22. OSFI’s policy and guideline development work is geared for institutions and therefore, by its very nature, does not apply GBA+.

Given its mandate, OSFI does not provide services or benefits to individual Canadians. Its clientele is restricted to federally regulated financial institutions and pension plans, which include all banks in Canada, and all federally incorporated or registered trust and loan companies, insurance companies, cooperative credit associations, fraternal benefit societies and private pension plans. OSFI’s scope of regulation does not include consumer or consumer-related issues or the securities sector, which are the responsibility of other agencies, both federal and provincial.

None of OSFI’s Programs collect individual recipient microdata information.

These responses apply to all OSFI programs and core responsibilities as presented in the current reporting framework.

Does this program have impacts that support the pillars and goals of the Gender Results Framework?

N/A - The clientele of OSFI’s programs is restricted to federally regulated financial institutions and pensions plans and the scope of regulation does not include consumer or consumer-related issues or the securities sector.

Does this program collect sufficient data to enable it to monitor and/or report program impacts by gender and diversity (GBA+)?

N/A - None of OSFI’s Programs collects individual recipient microdata information. Given its mandate, OSFI does not provide services or benefits to individual Canadians. Its clientele is restricted to federally regulated financial institutions and pension plans, which include all banks in Canada, and all federally incorporated or registered trust and loan companies, insurance companies, cooperative credit associations, fraternal benefit societies and private pension plans. OSFI’s scope of regulation does not include consumer or consumer-related issues or the securities sector, which are the responsibility of other agencies, both federal and provincial.

If no, please describe what actions are being taken to enable future monitoring or reporting of the program’s impacts by gender and diversity.

N/A – see the section above

If yes, please describe (as relevant) any notable initiatives to expand the program’s capacity to report on impacts by gender and diversity in the future.

N/A – see the section above