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Opening remarks by Jamey Hubbs at the SMSB Risk Management webinar
… Opening remarks by Jamey Hubbs at the SMSB Risk Management webinar Introduction Hello and welcome. Thank you … Policy Innovation; Supervisory Framework; and Data Management and Analytics. Of course, these kinds of changes … are often accompanied with changes to the ranks of senior management. You may have seen the letter we issued earlier …
Statement of Management Responsibility for the Future-Oriented Statement of Operations for 2023-2024 Departmental Plan
… Statement of Management Responsibility for the Future-Oriented Statement … of Operations has not been audited. Michael Hammond CPA, CGA Chief Financial Officer Peter Routledge … and that loss event has an impact on the estimated future cash flows of the financial asset or the group of financial …
Statement of Management Responsibility for the Future-Oriented Statement of Operations for 2021-2022 Departmental Plan
… Statement of Management Responsibility for the Future-Oriented Statement … and that loss event has an impact on the estimated future cash flows of the financial asset or the group of financial … carrying amount and the present value of estimated future cash flows (excluding future expected credit losses that have …
Statement of Management Responsibility for the Future-Oriented Statement of Operations for 2022-2023 Departmental Plan
… Statement of Management Responsibility for the Future-Oriented Statement … and that loss event has an impact on the estimated future cash flows of the financial asset or the group of financial … carrying amount and the present value of estimated future cash flows (excluding future expected credit losses that have …
OSFI updates model risk management guidance and launches public consultation
… OSFI updates model risk management guidance and launches public consultation The … is why OSFI has proposed revising the E-23: Model Risk Management Guideline so that it applies to all analytical … and tech and digital innovation risks. E-23: Model Risk Management Guideline incorporates input received by during …
OSFI’s response to draft guideline Culture and Behaviour Risk - Management Feedback
… response to draft guideline Culture and Behaviour Risk - Management Feedback Banks Foreign bank branches Life … Related links Regulatory Notice on Culture Risk Management – letter Regulatory Notice on Culture Risk Management … OSFI’s response to draft guideline Culture and …
OSFI proposes changes to manage mortgage risks, preserving access for Canadians
OSFI proposes changes to manage mortgage risks, preserving access for Canadians Today, the Office of the Superintendent of Financial Institutions (OSFI) announced a consultation for feedback on proposed changes to the Capital Adequacy Requirements (CAR) …
Speech by Superintendent Peter Routledge, OSFI Risk Management Webcast, June 5, 2023
… Speech by Superintendent Peter Routledge, OSFI Risk Management Webcast, June 5, 2023 Check against delivery Good … re-emphasize our focus on what we call the 4 C’s: capital, cash, credit, and contingency. These are the basic tenets of … uncertainty, particularly in times of economic downturn. Cash, we ask federally regulated financial institutions or …
OSFI Summarizes Responses to its Pension Investment Risk Management Consultation Paper
… OSFI Summarizes Responses to its Pension Investment Risk Management Consultation Paper Type of publication: Letter … a consultation paper entitled Pension Investment Risk Management . In this consultation paper, OSFI sought feedback on principles and regulatory expectations for the management of investment risk relevant for federally …
Superintendent’s welcome remarks at OSFI’s Risk Management Webcast, June 18, 2024
… Superintendent’s welcome remarks at OSFI’s Risk Management Webcast, June 18, 2024 Welcome everyone to the 2024 version of our annual Risk Management webcast. I’d specifically like to talk about our … make sure that we don’t become complacent. With this Risk Management webcast, we aim to address our responses and …
OSFI releases new guideline for technology and cyber risk, balancing innovation with risk management
… technology and cyber risk, balancing innovation with risk management Today, the Office of the Superintendent of … regulatory guidance to FRFIs on technology and cyber risk management. OSFI’s final Guideline B-13 provides that … each of which sets out key components for sound risk management: Governance and Risk Management, Technology …
Letter to administrators of federally regulated pension plans regarding CAPSA’S risk management guideline
… federally regulated pension plans regarding CAPSA’S risk management guideline Guideline Governance Investment of … 2024, CAPSA published Guideline No. 10: Guideline for Risk Management for Plan Administrators (CAPSA Risk Management Guideline), which sets out principles of risk …
OSFI hosts first International Financial Regulators Roundtable: Fostering knowledge-sharing on risk management practices
… Regulators Roundtable: Fostering knowledge-sharing on risk management practices The Office of the Superintendent of … Chief Risk Officers and those in key internal risk management roles from six different countries. Discussion … the importance of continuous improvement in our risk management practices. Through initiatives like the …
Audit of Supervisory Processes – Internationally Active Insurance Groups, Canada Mortgage and Housing Corporation – Management Action Plan
… Groups, Canada Mortgage and Housing Corporation – 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 …
Part XII: Establishment of a branch of a cooperative credit society, securities dealer or investment counselling and portfolio management service provider
… securities dealer or investment counselling and portfolio management service provider Information Requirements The … of providing investment counselling services and portfolio management services; a confirmation of whether: the applicant … securities dealer or investment counselling and portfolio management services provider, this causes the Part XII Entity …