Summary of OSFI comments at the 15th BCBS-FSI high-level meeting, Cape Town, South Africa, January 30, 2020

On January 30, 2020, Ben Gully, Assistant Superintendent, Regulation Sector, met with other senior regulators and supervisors at a Basel Committee on Banking Supervision – Financial Stability Institute high-level meeting on strengthening financial sector supervision and current regulatory priorities. Mr. Gully discussed the role of supervisors in helping banks manage operational resilience, and OSFI’s work on non-financial risks and operational resilience.

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"Through continued engagement with a wide range of experts and regulators, OSFI is able to learn about what will work, and what may not, in the Canadian regulatory context. The upcoming discussion paper on non-financial risks and technology risks will help shape the future of OSFI’s supervision of evolving practices and risks."

Here is a summary of his remarks.