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Backgrounder: Culture Risk Management – Regulatory Notice
… Backgrounder: Culture Risk Management – Regulatory Notice Overview The Regulatory Notice on Culture Risk Management sets expectations for managing culture risk. It … risk fostering a desired culture enterprise-wide culture management The Regulatory Notice applies to all financial …
Audit of Regulatory Approvals Management Action Plan
… Audit of Regulatory Approvals Management Action Plan Audit Template Recommendation As per … should be aligned with the final target milestone date. Management response to the Audit Recommendations from 2024 … project that is underway to build an implement a new Case Management System (CMS) that is currently targeted to go live …
Audit of Procurement and Contracting Management Action Plan
… Audit of Procurement and Contracting Management Action Plan Audit Management Response to the Audit Corporate Procurement management would like to thank Internal Audit for their …
OSFI announces new guideline to manage third-party risk
… Institutions (OSFI) published its final Third-Party Risk Management Guideline which sets out associated risk management expectations for Federally Regulated Financial … updated Guideline, which emphasizes governance and risk management programs and includes six new, clear expected …
Audit of Employee Expense Reimbursement and Acquisition Card Management
… of Employee Expense Reimbursement and Acquisition Card Management Audit 1. Background Financial operations must be … of employee expense reimbursements and acquisition card management at OSFI is the responsibility of the Financial … assessments of core control functions provide senior management with reasonable assurance on the extent of …
Audit of Private Pension Plans – Management Action Plan
… Audit of Private Pension Plans – Management Action Plan Audit Template Recommendation As per … should be aligned with the final target milestone date. Management response to the audit Management accepts the findings and has identified Management …
OSFI launches consultation on pension investment risk management
… OSFI launches consultation on pension investment risk management Page Content Today the Office of the … of a consultation paper, Pension Investment Risk Management . The paper introduces principles for the management of investment risk that OSFI believes are relevant …
OSFI consults on expectations to advance climate risk management
… OSFI consults on expectations to advance climate risk management Today, the Office of the Superintendent of … issued a draft version of Guideline B-15: Climate Risk Management . This guideline proposes a prudential framework … in the quality of the institutions’ governance and risk management practices related to climate. In doing so, this …
OSFI issues new Guideline on Climate Risk Management
… OSFI issues new Guideline on Climate Risk Management Climate change and the global response to the … (OSFI) published Guideline B-15: Climate Risk Management , which sets out OSFI’s expectations for the management of climate-related risks. The Guideline is OSFI’s …
OSFI consultation paper: Pension Investment Risk Management
… OSFI consultation paper: Pension Investment Risk Management Past newsletter articles Investment of pension … published a consultation paper on Pension Investment Risk Management . The paper introduces principles for the management of investment risk that OSFI believes are relevant …
Foreign Bank Representative Offices – Asset management services
… Foreign Bank Representative Offices – Asset management services Foreign banks Type of publication: Ruling … (FB) representative office in support of the FB’s asset management services were limited to "promoting the services … (Regulations). Background: The FB provides asset management services outside Canada. Its clients include …
Audit of Supervisory Processes – SIBs Management Action Plan
… Audit of Supervisory Processes – SIBs Management Action Plan Audit Management Response to the Audit We appreciate the work … of the findings over the longer term. We are providing our management action plan below to address the findings. …
Opening remarks by Ben Gully at the DTI risk management seminar
… Opening remarks by Ben Gully at the DTI risk management seminar Check against delivery Document … are reminders of the importance of preserving sound risk management practices and controls on counterparty credit and … deposit-taking institutions ensure they have sufficient cash for funding and liquidity; that they have adequate …
Third-party Risk Management guideline - Summary response to consultation feedback
… Third-party Risk Management guideline - Summary response to consultation … feedback on draft Guideline B-10: Third-Party Risk Management. This summary highlights feedback received … understand all its third-party arrangements and apply risk management activities appropriate to the level of risk and …
Executive remarks at the 2022 OSFI Insurance Risk Management Seminar
… Executive remarks at the 2022 OSFI Insurance Risk Management Seminar Opening remarks by Peter Routledge, … for joining us at our first combined insurance sector risk management seminar. I’d like to start out with an … regulatory and supervisory framework for climate risk management and disclosure. The insurance sector has practical …