Stressing the Stress Test: The Importance of Strong Mortgage Underwriting

In the world of Canadian financial regulation, few policies have received the kind of attention that OSFI's mortgage stress test has received. On February 5, 2019, Carolyn Rogers, Assistant Superintendent and  head of OSFI’s Regulation Sector spoke at a luncheon hosted by the Economic Club of Canada about OSFI’s work to support strong mortgage underwriting.

“The job of a bank regulator is to put in place a set of rules and a system of supervision that is effective through all economic cycles, and contributes to public confidence and financial stability.”
- Carolyn Rogers, Assistant Superintendent, Office of the Superintendent of Financial Institutions