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… Guideline for additional guidance in this area. , and risk management and control practices related to operational risk … of an institution's corporate governance and risk management and control practices as described in OSFI's … the appropriateness and effectiveness of operational risk management and control practices at TSA and AMA institutions, …

… institutions to ensure that their overall credit risk management practices are consistent with the evolving sound … of an institution’s corporate governance and risk management and control practices as described in OSFI’s … assessing the appropriateness and effectiveness of risk management and control practices at IRB institutions, and for …

… codes of conduct. "Leader" is an individual with people management responsibility. "Malicious activity" includes … "Responsible persons" include directors and senior management of financial institutions as defined in the Corporate Governance Guideline and branch management of foreign entities operating in Canada on a …

… should form part of an insurer's overall catastrophe risk management. OSFI recognizes that individual insurers may have differing earthquake exposure risk management depending on, among other factors, their: size; … OSFI will assess an insurer's earthquake exposure risk management policy against these principles and, where …

… – Guideline (2025) Reinsurance is an important risk management tool that can be used by an insurer to reduce … to implement effectively. Inadequate reinsurance risk management practices and procedures can materially affect an … with respect to ensuring effective oversight and risk management policies and procedures in relation with the …

… comprehensive ICAAP is a vital component of a strong risk management program. The ICAAP should produce a level of … from an institution’s ICAAP to assess the quality of risk management, OSFI does not approve an institution’s ICAAP. … ICAAP A rigorous ICAAP has six main components: Senior management oversight Sound capital assessment and planning …

… website by April 1, 2025. Reinsurance is an important risk management tool available to an insurer. It can be used to … to implement effectively. Inadequate reinsurance risk management practices and procedures can materially affect an … an important part of an insurer's overall reinsurance risk management policy. It applies to all federally regulated …

… 1 – External Audit footnote 1 referrer Table 2 – Senior Management Attestation and Review Table 2 - Senior Management Attestation and Review footnote 1 Industry … Quarterly beginning fiscal 2024 Table 2 - Senior Management Attestation and Review footnotes Table 2 - Senior …

… This implementation note elaborates on the data management requirements for institutions Banks and bank … ratings, rating migration, default, and collateral. Data management and timely execution of underlying information … of expectations on the data maintenance (or generic “data management”) process itself. This note provides general …

… refer to supplementary information such as policies, risk management frameworks, and processes in appendices. Executive … 1” calculation; the adequacy of the institution’s risk management processes the interconnectedness of financial, … of capital adequacy and the integration with risk management and decision-making processes; whether the …

… of capital; quality or strength of the insurer's capital management policy, including its capital management processes; and effectiveness of oversight with respect to the insurer's capital management processes. Capital considerations should include …

… identification, measurement of climate-related risk, and management of these risks. Many respondents believe OSFI has … climate-related risks through existing governance and risk management frameworks and new tools such as climate-related … early stages of development; Existing governance and risk management frameworks and practices could address …

… the description of best practices in earthquake exposure management; Increase OSFI’s flexibility in the collection of … current guideline to remain, given the importance of risk management in supporting a safe and sound Canadian financial … guideline, a revised guideline would: enhance insurers’ management of earthquake exposure; reflect up-to-date …