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What it means to be regulated
What it means to be regulated A key element to a strong and resilient financial industry is regulation. We watch for issues that may have a negative impact on federally regulated financial institutions or pension plans, and could affect depositors, …
Backgrounder: Revised Regulatory Notice on Commercial Real Estate Lending
Backgrounder: Revised Regulatory Notice on Commercial Real Estate Lending Overview The Revised Regulatory Notice on Commercial Real Estate (CRE) Lending has been updated to clarify and reinforce expectations around forbearance practices for CRE lending. …
Unpaid Claims and Loss Ratio Analysis Exhibit (UCLRE/PC5)
Unpaid Claims and Loss Ratio Analysis Exhibit (UCLRE/PC5) Return file PC5 - Business and data definitions (draft) (XLSX, 902.58 KB) PC5 - Sample XML (XML, 10.21 KB) PC5 - XSD file (XSD, 96.81 KB) General instructions Insurers should complete the Unpaid …
Common Concerns Raised in the Review of Actuarial Reports (May 2015)
Common Concerns Raised in the Review of Actuarial Reports (May 2015) Past newsletter articles Actuarial and funding Defined benefit plans The Actuarial team in OSFI's Private Pension Plan Division (PPPD) regularly reviews actuarial reports that have been …
OSFI publishes revised guidelines on reinsurance practices
OSFI publishes revised guidelines on reinsurance practices Page Content Today, the Office of the Superintendent of Financial Institutions (OSFI) concluded its review of reinsurance practices by issuing final revised versions of Guideline B-3, Sound …
Summary of remarks by Superintendent Routledge at GLOBExCHANGE
… regulator, we will have a prudent and dynamic climate risk management approach in place to aid Canada’s transition to …
Peter Routledge at House of Commons Standing Committee on Finance, Opening Remarks
… prudence in underwriting mortgages, and sound risk management throughout the lifecycle of those loans. We …
OSFI releases Annual Risk Outlook for 2023-2024
… financial institutions regulator, we promote sound risk management in the financial sector in a deliberate and …
Backgrounder: Crypto-asset disclosure consultation
Backgrounder: Crypto-asset disclosure consultation Context Budget 2023 announced that the Office of the Superintendent of Financial Institutions (OSFI) will consult federally regulated financial institutions (FRFIs) on guidelines for publicly disclosing …
What We Heard: Consultations on Draft Climate Risk Returns
… building climate resilience Guideline B-15: Climate Risk Management Business Specifications for the Climate-Related …
Supervisory Framework Renewal – Briefing – Fall 2023
… It is a prudential outcome of effective operational risk management Risk governance evaluates the institution’s …
Message from the Superintendent
… specifically, supervisory renewal, culture, and data management and analytics. In delivering on the 2024-2027 …
List of Pooled Registered Pension Plans
… together to achieve lower costs in relation to investment management and plan administration. PRPPs can be offered to …
Loan-to-income limits for uninsured mortgage portfolios
Loan-to-income limits for uninsured mortgage portfolios Purpose High household debt affects credit risk, the safety and soundness of financial institutions, and the overall stability of the financial system. This measure helps to reduce the proportion of …
Opening remarks to the Standing Committee on Banking, Commerce, and the Economy on OSFI's role in banking
Opening remarks to the Standing Committee on Banking, Commerce, and the Economy on OSFI's role in banking Opening remarks: Superintendent, Peter Routledge Date: May 10, 2023 Good afternoon, Madame Chair and members of the Committee. Thank you for having …