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The Importance of Managing Risk

OSFI Annual Report

Canada’s financial sector outperformed many of its G-20 counterparts during the financial crisis and the sector remains strong as Canada’s economy recovers. This resilience was due to many factors, including better risk management by the institutions themselves, and strong regulation and supervision by OSFI. Throughout 2009–2010, OSFI continued to promote robust risk management practices and effective corporate governance, and focussed on the development of new domestic and international capital and liquidity rules for financial institutions.