OSFI

Remarks by Assistant Superintendent Ben Gully

Preserving Financial Resilience in Banking

"I want to reiterate that timely implementation of the Basel III reforms is central to OSFI's prudential priorities. The innovations related to capital, leverage, and liquidity regulation are essential to preserving financial resilience. At the same time, sound regulation needs to continue to be backed by strong supervision and appropriate public disclosures."

Continue reading: Remarks by Assistant Superintendent Ben Gully

OSFI launches consultation on enhanced assurance expectations

Today the Office of the Superintendent of Financial Institutions (OSFI) launched a ten-week consultation with the publication of a discussion paper, Assurance on Capital, Leverage and Liquidity Returns for federally regulated insurers and deposit-taking institutions.

Advancing a more resilient and proportional banking regulatory framework in Canada

OSFI launches consultations on Basel III implementation and a new tailored approach to capital and liquidity requirements for smaller, less complex banks.

"The proposed changes aim to advance a more resilient and proportional bank regulatory regime in Canada that protects depositors, maintains market confidence and promotes continued financial stability, especially during times of stress."

Continue reading: Advancing a more resilient and proportional banking regulatory framework in Canada

Remarks by Superintendent Jeremy Rudin

Passion, Persistence and Effective Regulation and Supervision

"I will conclude by conceding that the risk landscape that I have sketched for you is sobering. ... The good news is that the Canadian banking system continues to demonstrate the resilience for which it is known around the world. Of course, this is no reason for complacency, whether in the industry or at OSFI. But it is a good jumping off point for what lies ahead."

Continue reading: Remarks by Superintendent Jeremy Rudin to the 2021 RBC Capital Markets Canadian Bank CEO Conference

image text: COVID-19 updates
 

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

Jeremy Rudin  

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.

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