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Pooled Registered Pension Plans - Guide for Nova Scotia Members
… that fall under this category may include an investment management fee and other administrative fees. Only costs in … account may be unlocked and withdrawn by your survivor in cash or transferred to an unlocked registered vehicle such as …
Infosheet - Residential Mortgage Underwriting Practices and Procedures Guideline (B-20)
Infosheet - Residential Mortgage Underwriting Practices and Procedures Guideline (B-20) Sound mortgage underwriting contributes to financial stability The safety and stability of federally regulated financial institutions (FRFIs) is fundamental to the …
Backgrounder: Guideline E-21, Operational Risk and Resilience
… events. It enhances expectations for operational risk management and establishes new ones related to operational resilience, business continuity risk management, crisis management, change management, and data risk management. Why …
Internal Audit Report on Facilities and Administrative Services
… of Financial Institutions Canada’s (OSFI) risk management, control, and governance processes, as designed and represented by management, are appropriate and functioning in a manner to … in Ottawa, Toronto, Montreal and Vancouver. Facilities management is a shared responsibility between OSFI and Public …
Guideline B-15 readiness self-assessment questionnaire: What we heard report
… March 2023, OSFI released the Guideline B-15: Climate Risk Management (Guideline), which provides FRFIs with … that many are progressing gradually to embed climate risk management into their governance structures, frameworks, and … substitute for the FRFI’s own climate risk assessment and management. There is no one-size-fits-all approach for …
Audit of Private Pension Plans
… supervisory work meets procedural manuals requirements and management expectations, and identified risks are … standards, and policies; Walkthroughs and interviews with management and Supervision Team members; and Sample testing … and activities. The results of this audit will help management identify design and operating effectiveness gaps …
Promoting effective risk governance: no time for complacency
… ultimate responsibility for overseeing sound and prudent management rests with their respective boards of directors. … risk governance given the basic failings observed in risk management and board oversight, resulting in, amongst others, … recent events, such as the collapse of Archegos Capital Management, the failure of several financial institutions in …
OSFI addresses non-financial risks for financial system resiliency
… E-21 on Operational Resilience and Operational Risk Management , which sets out expectations for operational … It modernizes OSFI’s guidance on operational risk management, including new expectations for business continuity management, crisis management, change management, and data …
IRB Credit Data Wholesale Transaction (BF)
… No commas/dots, left-padded with zeros 66 242 242 1 Cash And/Or Marketable Security ✓ mandatory pic(9) - 1, 2 … #58)* Facility Status (ID #62)* Hedging Status (ID #64)* Cash And/Or Marketable Securities (ID #66)* Primary …
Actuarial reports – Items warranting review (November 2020)
… valuation – Disclosure of active and passive investment management expense assumptions In accordance with the CIA … is generally acceptable to assume that active investment management will generate additional return only to the extent that management expenses associated with active management exceed …
Audits
… of our programs and services help us to improve risk management, control and governance processes. Audit reports … assurance on the adequacy and functioning of OSFI’s risk management, control and governance frameworks and processes, … Committee will exercise oversight of core areas of OSFI’s management, control, and accountability, including reporting, …
Procurement & Contracting
… This is realized by: Providing advice and guidance to management, internal clients and colleagues on the applicable … there is a continued expectation that the appropriate management systems and practices are in place to award, … and Contracting (Contracting) has an appropriate management control framework in place to administer, monitor …
Supervisory Framework
… reduces risk, it doesn’t eliminate it We recognize that management, boards of directors, and pension plan … more frequent supervisory reviews and discussions with management teams and boards of directors. Analyzing risk … formal letters in addition to our ongoing discussions with management teams. Our letters highlight key themes and …
Cyber Security Self-Assessment
… Policy , OSFI will establish new guidance for the sound management of technology and cyber risk. This self-assessment … by the Cyber Security group, will be related to Risk Management, as addressed by risk managers including senior management). So, in the following statements, the term …
Audit of Supervisory Processes – Internationally Active Insurance Groups, Canada Mortgage and Housing Corporation
… risk assessments and the assessment of quality risk management programs. Reporting and intervention includes both … letters, and staging or de-staging communications. Issues management is how OSFI monitors and follows up on issues … issued focused on stakeholder communication, information management, strengthening quality reviews, and employing a …