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2021-2022 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 …
OSFI’s annual report under the Fighting Against Forced Labour and Child Labour in Supply Chains Act
… Embedding responsible business conduct into policies and management systems Additional information on OSFI’s policies … 1, 2023, amendments to the Treasury Board Directive on the Management of Procurement require contracting authorities … leasing Professional, scientific, and technical services Management of companies and enterprises Administrative and …
Summary of remarks by Peter Routledge at the National Insurance Conference of Canada
… of Financial Institutions’ (OSFI) work on risk management and crafting regulations that suit the evolving …
OSFI releases fall update to the Annual Risk Outlook for 2024-2025
… reviews and monitor cyber resilience and third-party risk management of critical outsourced functions assess the impact … to decrease AI-related risks issue an updated Model Risk Management guideline in summer 2025 Quote OSFI will adapt and …
The Starling Compendium — In Focus interview with Superintendent Peter Routledge
… OSFI’s recently released consultation on culture risk management contemplates related disclosures to support … why we are not seeing as robust a trend at the senior management level at those same institutions. As the Board is … and reinforce a culture of integrity and effective risk management at all levels. Our recent letter proposes issuing …
Financial Industry Forum on Artificial Intelligence: A Canadian Perspective on Responsible AI
… the conversation around appropriate safeguards and risk management in the use of Artificial Intelligence (AI) at …
Transforming for Tomorrow: OSFI releases its 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 corporate values so that … policy innovation, supervisory framework, and data management and analytics. Related links Strategic Plan …
OSFI holds Domestic Stability Buffer at 3.5%
… must continue to exercise sound judgement in capital management. The DSB is not a substitute for prudent capital management and all institutions must have strong capital risk-management plans in place. We continue to monitor the …
Refining how we approach risk
… a refined approach to supervision, regulation and the management of our own operations. To outline this approach, … sets our priorities supports our strategic and operational management helps stakeholders better understand our … Our risk appetite statement takes a macro-responsive risk management approach. This means assessing the amount and type …
The importance of sound residential mortgage underwriting
The importance of sound residential mortgage underwriting Remarks by OSFI Assistant Superintendent Tolga Yalkin, C.D. Howe Institute, Toronto, Ontario, April 13, 2023 Please check against delivery Before I begin, I would like to acknowledge that we find …
FSRA/OSFI Defined Contribution (DC) Pension Plans Technical Advisory Committee - Meeting Summary, December 11, 2020
… and education; The need for transparency of investment management and administration fees for both plan sponsors and … of Canada VC Todd Saulnier Association of Canadian Pension Management VC Zaheed Jiwani Eckler VC Antoinette Leung FSRA …
OSFI upholds 100% liquidity requirement for HISA ETFs to promote financial resilience
… an exchange-traded fund, have become popular among fund management companies, retail investors, and deposit-taking …
Change Control Log (I3)
… on the Consolidated Net Income Before Tax to 8. Internal Management Stress Testing Instructions under 8. Internal Management Stress Testing 11 Add: 9. Guideline B-12 – Annex 1 … 10 Q2 2022 Return Template: Other tab Delete: 8. Internal Management Stress Testing 9. Guideline B-12 – Annex 1 …
Peter Routledge, Superintendent at the Office of the Superintendent of Financial Institutions, gives Domestic Stability Buffer announcement
… This said, the DSB is only one aspect of healthy capital management. Banks should remain vigilant and continue to exercise prudence in capital management, as the DSB should not be considered as a substitute for sound risk management practices. We continue to monitor the environment …
Protecting Canada from a financial crisis
… a systemic event, OSFI focuses on capital and liquidity management; more intensive supervision, including rigorous monitoring and analysis; risk management and stress testing. OSFI also activates its …