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Assistant Superintendent Tolga Yalkin participates in a panel discussion at Michael D. Penner Institute Conference
… tell us about OSFI’s concrete actions in climate risk management—I am referring in particular to the expectations … The more we look at the details of climate risk management, the more I am convinced that climate change has a … gas (GHG) emissions exposure. Guideline B-15: Climate Risk Management Issued in March 2023, Guideline B-15 is our first …
2021-22 Departmental Plan
… creditors. FRFIs have effective capital and liquidity risk management practices. FRFIs and pension plans have effective governance and risk management practices that keep pace with existing and … of non-financial risks to support their effective management by FRFIs and pension plans. Key objectives related …
Seeing the Forest through the Trees: Implementation Challenges in Climate Risk Supervision
… Environmental Risk Moderator: OSFI published climate risk management guidelines in 2023 and just two months ago OSFI … looking at five elements: Governance (the board and senior management’s oversight and governance over the transition … as OSFI has recently issued guidelines on climate risk management, that includes a chapter on disclosure, I wonder …
OSFI releases new framework to strengthen financial institutions’ resilience to cyber-attacks
… with OSFI’s Guideline B-13 – Technology and Cyber Risk Management , OSFI expects FRFIs to have measures in place … Risk Outlook Guideline B-13 – Technology and Cyber Risk Management … OSFI releases new framework to strengthen …
2023-24 Departmental Plan
… engagement Policy innovation Supervision renewal Data management and analytics Our plans and activities in each of … and coordinated approach to strategic stakeholder management; use partner and stakeholder engagement plans as … a collective responsibility for risk assessments and management, and utilizes data and analytics to meet our …
Guide to Foreign Bank Branching
… of how these arrangements would be managed. 1.2 Management The Applicant is generally expected to provide: … requirements set out in section 585 of the BA. 1.3 Risk Management: Policies, Procedures and Risk Management Controls The Applicant is expected to provide: …
2022-2025 Strategic Plan
… financial system Risk Appetite – expand and fortify risk management capabilities and risk appetite to support strategic and operational management Culture – embed our corporate values so that … unnecessary burdens. Read initiative 5 6 Data Management and Analytics OSFI’s data platform enables the …
Annual Risk Outlook – Semi-annual update – Fiscal Year 2024-2025
… utilities, credit bureaus, market information and records management also expose financial institutions to … third-party industries could lead to inconsistent risk management controls and makes institutions vulnerable to … and monitoring on cyber resilience and third-party risk management of critical outsourced functions. Our assessment …
2A Schedule for Asset Reporting by Counterparty
… Institutions (excluding credit unions)" Manulife Asset Management and subsidiaries are to be reported separately … categories as per the I-I guidelines (e.g. Investment Management Companies, Mortgage Investment … categories as per the I-I guidelines (e.g. Investment Management Companies, Mortgage Investment …
Preserving confidence in Canada’s financial system
… back in March, we published Guideline B-15 on Climate Risk Management. And over the summer, OSFI launched its first … and prudential supervision as it pertains to climate risk management. There are also two projects we will be … And we will approach it based on exactly the same risk management principles. In other words, OSFI’s mandate today …
Audit of regulatory approvals
… approval processes and workflows are supported by the Case Management System (CMS), a custom-built software implemented … and Updating policies, procedures, and guidelines. 2.2 Management Response The Approvals Division would like to … will be leveraged in support of these ongoing efforts. Management agrees with the findings and two recommendations …
Additional Corporate Information for the 2021-22 Departmental Results Report
… its legislation, OSFI’s mandate is: Fostering sound risk management and governance practices OSFI advances a … and take reasonable risks. OSFI recognizes that management, boards of directors and pension plan … financial institutions to develop more robust IT risk management frameworks, including increased cyber security …
Additional Corporate Information for 2023-2024 Departmental Plan
… its legislation, OSFI’s mandate is: Fostering sound risk management and governance practices OSFI advances a … and take reasonable risks. OSFI recognizes that management, boards of directors and pension plan … financial institutions to develop more robust IT risk management frameworks, including increased cyber security …
Additional Corporate Information for 2022-2023 Departmental Plan
… its legislation, OSFI’s mandate is: Fostering sound risk management and governance practices OSFI advances a … and take reasonable risks. OSFI recognizes that management, boards of directors and pension plan … financial institutions to develop more robust IT risk management frameworks, including increased cyber security …
2020 to 2023 Short-form Departmental Sustainable Development Strategy
… OSFI: Ensures that all procurement and/or materiel management specialists complete the Canada School of Public … Target : All of OSFI's procurement and/or materiel management specialists have completed training on green … Indicator : Percentage of procurement and/or materiel management specialists who have completed training on green …