Office of the Superintendent of Financial Institutions
Blueprint is a transformation plan that will guide OSFI’s overall direction through to 2025. Multiple operational plans will ensure that our transformation is reflected in specific and tangible goals set for each sector and the organization as a whole.
The risk environment in which we operate has fundamentally changed.
As risks evolve, we too, must transform our strategy and culture in order to continue meeting the needs of Canadians.
OSFI’s mandate and an increasingly complex risk environment is the reason for our transformation.
We are transforming OSFI to ensure that we thrive in intensifying uncertainty so that the public’s confidence in a sound financial system remains unwavering.
We will achieve this by:
Refocus the delivery of our mandate to place greater emphasis on contributing to public confidence in the Canadian financial system
Expand and fortify risk management capabilities and risk appetite to support strategic and operational management
Embed our corporate values to enhance our culture so that individuals can flourish within an operating environment of increasing uncertainty
OSFI is a workplace where curious, diverse, high integrity colleagues are safe to bring their true and best selves to work every day and are safe to fail and then adapt.
OSFI makes risk-intelligent decisions every day that reflect our transparent and revealed risk appetite via leadership and governance that delegates out decision-making, from the top to the leaders best positioned to make decisions.
OSFI integrates and aligns with key stakeholders and partners inside and outside of the federal financial safety net in a manner that maximizes its influence and preserves its integrity in fulfilling its purpose and mandate.
OSFI becomes a global leader in prudential supervision by making policy to ensure operational and financial resilience of its regulated entities in the face of climate-related, digitalization, and other yet-to-be foreseen risks.
OSFI’s Supervisory Framework guides supervisors to efficiently manage their portfolio of regulated entities, liberating them for true, value-added tasks and eliminating unnecessary burdens.
OSFI’s data platform enables the vast majority of analytical research and insight-generation while simultaneously eliminating the necessity for most ad-hoc data requests made to regulated entities.