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Why the biggest AI challenge may be explaining what it does
… Davis, Executive Vice President, Financial Crimes Risk Management, Scotiabank. Here’s how the FIFAI report …
Assistant Superintendent, Tolga Yalkin, delivers Media Briefing on the release of the final Integrity and Security Guideline
… relating to good character of directors and senior management, corporate culture, governance, and compliance; … to engage institutions on integrity and security risks management throughout this implementation period in keeping …
Guidance for Reinsurance Security Agreements
… or committee of the Board, approved policy requiring management to confirm Footnote 4 to the Board, or committee …
Risks arising from digital innovations in the Canadian financial industry
… risk, due to explainability of complex AI programs Data management and governance challenges due to the volume and … thought leaders in a forum to discuss safeguards and risk management in the use of AI at financial institutions. This …
Business in Canada – Mortgage loan administration services
Business in Canada – Mortgage loan administration services Foreign banks Type of publication: Ruling Issue: The issue was whether an entity that is associated with a foreign bank and that provides administration services to Canadian entities in respect of …
Eligible default investment options for Pooled Registered Pension Plans
… that fall within this category may include an investment management fee and other administrative fees. Communicating …
Key Metrics Report – P&C insurers
… line (e.g. model risk, data quality/quantity or for management tolerances, if not quantified elsewhere). Line 19: … as the Internal Target identified in the insurer's Capital Management Policy and disclosed to OSFI. This amount should …
Standardized Institutions Risk Asset Portfolio Information (RAPID1)
… Section 2.8 - Facility Record (30): Removed Field ID 61 <Cash and/or marketable security>. (Start/End positions and …
Opening Remarks by Superintendent Peter Routledge – Northwind’s 35th Annual Financial Services Forum, Cambridge, ON
… clear expectations and a path to enhanced climate risk management and disclosures. We know that we are not alone in …
Consolidated and blackline versions of plan texts
Consolidated and blackline versions of plan texts Past newsletter articles Amendments Defined benefit plans Defined contribution plans We ask that when plan administrators send OSFI a consolidated plan text, that they also include a blackline version to …
Thriving in Uncertainty: Don’t Just Plan for the Future, BUILD IT!
… in housing finance; OSFI will finalize its climate risk management guideline by the end of our fiscal year; and OSFI … vigilance and heightened prudence in their capital management practices with a view to increasing margins of …
Regulatory Officer Development Program
… industry legislation and regulations enhance your project management and presentation skills apply your financial …
Changes at the Executive Level
… the financial sector and specializing in the field of risk management. While at OSFI, he advanced the work of …
Inactive Pension Plans
Inactive Pension Plans Past newsletter articles Registrations Defined benefit plans Defined contribution plans It has come to OSFI’s attention that there may be instances where a certificate of registration has been issued by the Superintendent but no …
Risk assessment and intervention
… that plan administrators are responsible for the plan’s management, and that pension plans can experience financial …