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Closing remarks at the International Chief Risk Officer (CRO) Roundtable for Peter Routledge, Superintendent
… OSFI has been very proactive in adapting its internal risk management practices to our current reality. Just like the … these roundtable sessions, we’re enhancing our risk management practices and becoming more resilient against the …
Strategic Plan 2024-2027
… safety of the financial system by focusing on sound risk management. We strive to excel in our core responsibilities … Supervisory renewal Priority 3: Culture Priority 4: Data management and analytics Priority 5: Critical functions …
Office of the Superintendent of Financial Institutions 2024–25 Departmental plan
… OSFI will continue to implement an agile resource management approach, reallocating resources internally first, … managing our internal risks. Our dedicated Enterprise Risk Management (ERM) function provides oversight and monitoring … a coordinated approach towards strategic stakeholder management by continuing its work on clarifying its …
OSFI's regulatory response
… our guidelines are our expectations of what prudent risk management looks like within financial institutions. … financial institution some freedom to set their own risk management parameters and policies? Tolga Yalkin: Well, our … of financial institutions when it comes to their risk management practices. Graham Johnson : I mean, financial …
Pension plan examinations conducted by OSFI (November 2016)
… of a pension plan (e.g. plan administration, asset management, communication to members), or that there is … involve a review of the plan administrator’s risk management function, which includes controls and oversight, …
OSFI-590 Report Instructions
… Superintendent of Financial Institutions, Regulatory Data Management Division via the Regulatory Reporting System …
Property and casualty insurance return – Section V – Jurisdictional Requirements
… page 99.11 must be signed by the insurer's Canadian branch management. The affidavit on page 99.15 must be signed by the … days after presentation to the Board of Directors/ Branch Management, and one year after fiscal year end. FCT Template … days after presentation to the Board of Directors/ Branch Management, and one year after fiscal year end. External …
2022-2023 Annual Report to Parliament on the Administration of the Privacy 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 … their roles and responsibilities in the effective management and protection of OSFI’s information resources as …
2023-2024 Annual Report to Parliament on the Administration of the Privacy Act
… delay monitor and evaluate risks and promote sound risk management by FRFIs and FRPPs In exercising our mandate: for … and material risks evaluating quality of governance, risk management and compliance Our role and benefits to Canada We … their roles and responsibilities in the effective management and protection of OSFI’s information resources as …
A Bias Toward Action
… Risk Scenario Report where it showed that in the management of climate related risks the impact of acting … Guideline B15, which sets out expectations related to FRFI management of climate-related risks, in which we saw … will further refine our prudential expectations of the management of climate financial risk for FRFIs. While …
Changes at the Executive Level
… to the changing risk environment. He will supervise the management of approvals, compliance and interpretation of … coordinated approach to strategic stakeholder relationship management. Mr. Yalkin comes to us from Health Canada where … at Treasury Board Secretariat, in expenditure and people management, Health Canada, in product safety regulation, and …
OSFI announces interim approach to cryptoassets
… interim approach helps ensure that FRFIs adopt sound risk management policies and practices concerning their …
Gender-based analysis plus for 2022-2023 Departmental Plan
… or potential biases, or systemic barriers in OSFI’s people management, recruitment and promotion processes. Examination … of DEI related corporate commitments into performance management agreements for all employees Execution of a …
Unauthorized use of the word “bank”
Unauthorized use of the word “bank” Sanctions Type of publication: Ruling Issues: The issues were whether a not-for-profit investment entity (the applicant) could adopt a name that included the word “bank”, or its French-language equivalent “banque” , and …
Our timeline
… returns . 2023 OSFI publishes Guideline B-15: Climate Risk Management , which sets out its expectations for the management of climate-related risks. On March 12, the …