OSFI 2013-14 Annual Report

“In 2013, Canada’s financial sector, including OSFI, was subject to an International Monetary Fund (IMF) Financial Sector Assessment Program (FSAP) review. The FSAP report identified OSFI’s close touch supervision, our clear and straightforward mandate, and our ability to attract and retain financial sector specialists as some of the factors that helped Canada withstand the crisis well.”

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OSFI 2013-14 Annual Report

Preventing financial institution failures in Canada: Importance of corporate governance

Remarks by Mark Zelmer, Deputy Superintendent, to the Risk Oversight Program, Global Risk Institute, September 29, 2014.

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Mark Zelmer

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.