OSFI

​​​​Domestic Stability Buffer

2.50%
of total risk-weighted assets

December 10, 2021

Minimum Qualifying Rate for Uninsured Mortgages

The greater of
the mortgage contract rate
plus 2% or 5.25%

December 17, 2021

OSFI releases its 2020-2021 Annual Report

The Office of the Superintendent of Financial Institutions (OSFI) released its 2020-2021 Annual Report. The report covers OSFI’s activities from April 1, 2020 to March 31, 2021 and outlines actions taken to support stakeholders through the COVID-19 crisis, as well as progress made in delivering on OSFI’s 2019-2022 Strategic Plan.

Continue reading: OSFI releases its 2020-2021 Annual Report

Emerging Prudential Risks in Housing

Remarks by Superintendent Peter Routledge to the Chartered Financial Analyst (CFA) Society, Vancouver (Virtual), British Columbia

“Although, this is a complicated economic and policy making environment, the urgency for bringing housing supply up to the level of housing demand is an imperative for long-term financial stability in Canada. Provincial and local governments will have to play a greater role in addressing the housing supply / demand mismatch in their regions.”

Continue reading: Emerging Prudential Risks in Housing

Remarks by Assistant Superintendent Jamey Hubbs at the CRTA Annual Event 2021

“While we see the financial industry being shaped by the technological, financial and competitive environment, we see the benefits for all involved in moving forward to advance our own practices and our expectations. These efforts and being more open about the risks we see and the direction we are headed are the best way we know how to contribute to public confidence in the financial system.”

Continue reading: Remarks by Assistant Superintendent Jamey Hubbs at the CRTA Annual Event 2021

Remarks by Neville Henderson - 2021 Mortgage Insurance and P&C Risk Management Seminar

“The issues on the horizon require urgent efforts to understand, adapt and address. The speed, scope and depth of the risks associated with climate change, digitalization and cyber risk all require approaches that are commensurate with the challenges they pose. ”…” I know that many insurers are already taking the high-levels of uncertainty in the economic and operating environments into account when making their business decisions. OSFI too is considering and analyzing the impact of severe but plausible risks and making appropriate decisions.”

Continue reading: Remarks by Neville Henderson - 2021 Mortgage Insurance and P&C Risk Management Seminar

 

About OSFI

National capital region's top employers

The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial system. OSFI supervises and regulates federally registered banks and insurers, trust and loan companies, as well as private pension plans subject to federal oversight.

Superintendent

Peter Routledge 

Peter Routledge

About the Superintendent

Twitter

@OSFIBSIF_leader  

Our Partners

OSFI works closely with its federal partners, including the Department of Finance, the Bank of Canada, the Canada Deposit Insurance Corporation and the Financial Consumer Agency of Canada.

View infographic.