OSFI

COVID-19 Updates

Read about the actions OSFI has taken in response to challenges posed by COVID-19.

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image text: COVID-19 updates

Statement from the Superintendent on measures taken to support the resilience of financial institutions

In a statement issued on April 3, Superintendent Jeremy Rudin noted that during these current extraordinary times, Canadians should continue to have confidence that OSFI is working to ensure that banks are still able to make loans, that deposits remain available to Canadians; that insurance companies can pay policyholders; and that pension plans can continue to make payments to retirees.

Continue reading: Statement from the Superintendent on measures taken to support the resilience of financial institutions

OSFI determines capital treatment of programs to support COVID-19 efforts

On March 30, OSFI issued direction on how federally regulated deposit taking institutions should treat new capital made available to small and medium sized enterprises through recently announced government programs.

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About OSFI

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

Jeremy Rudin