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Life Insurance Regulatory Framework
… than in the past. This requires a greater awareness and management of risk by companies, industry stakeholders and … We also recognize that changes to companies’ risk management, governance and oversight processes and to OSFI’s … increased integration between risk measurement, risk management and pricing for risk. OSFI’s regulatory framework …
OSFI’s Supervisory Ratings
… significant activities, the effectiveness of its risk management and control practices, and the quality and … will also be provided with ratings for the applicable risk management control (oversight) functions. A standardized …
OSFI’s policy review
… two new foundational guidelines. The first is on risk management, which looks at enterprise-wide risk management, and a new board and senior management accountability guideline, which is really a …
Keynote speech for Kathy Thompson, OSFI’s Assistant Superintendent, NSS Anti-money Laundering (AML) and Financial Crime Annual Canadian Forum
… those related to Corporate Governance and Third-Party Risk Management, from our financial risk guidelines, for example, … to OSFI. In 2018, we released several guidelines on risk management, including our guidelines on Third-Party Risk Management, Technology and Cyber Risk Management, and …
Guide to Intervention for Federally Regulated Life Insurance Companies
… statutory filings, financial reporting requirements and management reporting to the board (including minutes of the … risk ratings to the company. Requesting that the company's management provide a copy of the supervisory letter to … company's resilience. the company has issues in its risk management or control deficiencies, although not serious …
2019-2020 Annual Report to Parliament on the Administration of the Access to Information Act
… 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 … Privacy (ATIP) Unit is part of the Enterprise Information Management (EIM) Directorate within the Information …
Mortgage Insurance Return – Section V – Jurisdictional Requirements
Mortgage Insurance Return – Section V – Jurisdictional Requirements Mortgage insurers must accommodate for the differences in legislation from jurisdiction to jurisdiction in Canada. Each jurisdiction's requirements can now be found in this section, …
Statement from the Superintendent of Financial Institutions Regarding Toronto-Dominion Bank
… arise, OSFI expects and can require the board and management of an institution to take the necessary corrective … their integrity and security. OSFI’s Regulatory Compliance Management Guideline and Corporate Governance Guideline lay out its expectations that boards and senior management of federally regulated financial institutions …
Sustaining Canadian Financial System Resilience Through Uncertainty and Volatility
… 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 our … we often give to our regulated constituents – those risk management mindsets that enabled success in the past are …
Our Blueprint
… financial system 2. Risk appetite Expand and fortify risk management capabilities and risk appetite to support strategic and operational management 3. Culture Embed our corporate values to enhance … tasks and eliminating unnecessary burdens. 6. Data Management and Analytics OSFI’s data platform enables the …
OSFI announces second phase of the Standardized Climate Scenario Exercise consultation
… financial institutions to adopt sound climate risk management practices. We are proud to collaborate with our … from first SCSE consultation Guideline B-15, Climate Risk Management Climate Risk Forum … OSFI announces second phase …
Risks
… financial industry Climate risk Technology and cyber risk management Learn about how OSFI and FINTRAC work together … …
C.D. Howe Institute speech on Integrity and Security
… guidelines (e.g., Corporate Governance, Third-Party Risk Management) from our financial risk guidelines (e.g., capital … liquidity ratios, if I have concerns about its cyber risk management, third-party risk management, the integrity of its leaders, the security of its …
Superintendent and Chief Actuary discuss pension plan ecosystem
… plans in meeting minimum funding requirements. Risk management and supervision Moderator: The environment in … tools (e.g. the use of AI for plan administration or asset management), and increasing cyber risks, all of which … How do the recently released CAPSA guidelines on risk management and CAP influence OSFI’s ongoing initiatives? What …
2020-2021 Annual Report to Parliament on the Administration of the Access to Information Act
… 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 … Privacy (ATIP) Unit is part of the Enterprise Information Management (EIM) Directorate within the Information …