Deputy Superintendent (2011–June 2016)
Mark Zelmer was the Deputy Superintendent of the Regulation Sector from 2013–2016.
Mark was appointed Assistant Superintendent, Regulation Sector, in December 2011. In August 2013, he was named Deputy Superintendent.
In this executive role, he was responsible for capital and accounting issues; actuarial policies and reviews; regulatory approvals and compliance; guidelines, regulations and interpretations.
Mr. Zelmer represented OSFI on the Basel Committee on Banking Supervision and the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation. He also co-chaired the Financial Stability Board’s work-stream on non-bank/non-insurance entities, which is currently exploring the potential vulnerabilities associated with asset managers and their investment funds.
Prior to joining OSFI, he was at the Bank of Canada where he held numerous positions since 1985, most recently as Chief of its Financial Stability Department. In this role, he represented the central bank on the Basel Committee on Banking Supervision and was co-chair of the Committee’s Macroprudential Supervision Group.
He also served at the International Monetary Fund (IMF) as Senior Economist and Deputy Division Chief in the Monetary and Exchange Affairs Department from 2000 to 2003.
Mr. Zelmer holds a Master of Science, Business Administration (Finance) degree from the University of British Columbia and a Bachelor of Commerce Honours degree in Finance from Queen’s University.
Carolyn Rogers will join OSFI on August 15, 2016, as Assistant Superintendent for Regulation to replace Mark Zelmer.
Office of the Superintendent of Financial Institutions (OSFI)
The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987, to protect depositors, policyholders, financial institution creditors and pension plan members, while allowing financial institutions to compete and take reasonable risks.