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… consistent with their overall liquidity and other risk management practices. The Guideline will be applied when the … of those activities or transactions, such as liquidity management, use of derivatives and securities lending, may … relating to pledged assets is important from a liquidity management standpoint and, in the event of insolvency, …

… new BCBS standard and provide additional guidance on risk management practices that OSFI expects domestic systemically … would ensure Canada has up-to-date large exposure risk management guidance and would encourage consistent and robust … own guidance to reflect the BCBS standard and other risk management practices, where appropriate. OSFI would …

… role and scope of work performed by risk and/or business management (as applicable) and internal audit in respect of … self-assessment process requires that risk and/or business management (as applicable) and internal audit provide the … of all work performed to date by risk and/or business management (as applicable) in respect of the institution’s …

… and controlled as part of a FRFI’s comprehensive risk management framework.  In response to the economic and … or reflect current practices with respect to the risk management of derivatives activities.  It also does not … OSFI’s current expectations with respect to the risk management of derivatives activities, recognizing the …

… in a controlled way and entails implementing a risk management process to identify, assess, and mitigate risks … by OSFI and the FRFI undergoing the testing, the risk management process is the responsibility of the FRFI’s … of all stakeholders. The governance, planning, risk management, and execution of an I-CRT assessment is assigned …

… the outputs. As rating systems are integral to the management of credit risk, economic capital and other vital … Directors (or a designated committee thereof) and Senior Management understand the operation of the rating system and have a detailed comprehension of its associated management reports. This understanding should include the …

… are vested with the power to manage or supervise the management of the business and affairs of an entity (e.g., … through shareholder resolutions, the individual has broad management powers over the operations of the entity, … influence, OSFI will generally consider: Involvement in management :  The ability of the person to appoint, block the …

… Response Sequencing Respondents emphasized the need for management attestations to precede internal and external … responsibilities. The revised effective dates allow management attestations to precede audits. Scope Respondents … components); the level of independence required in the management attestation process; the scope of external audit …