What we do

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The Office of the Superintendent of Financial Institutions (OSFI) protects depositors, policyholders, financial institution creditors, and pension plan members, while allowing financial institutions to compete and take reasonable risks. In doing so, we contribute to public confidence in the Canadian financial system.

OSFI regulates and supervises more than 400 financial institutions and 1,200 pension plans.

This includes:

  • all banks in Canada
  • all federally incorporated trust and loan companies
  • insurance companies
  • fraternal benefit societies
  • 1,200 federally regulated private pension plans

OSFI’s core activities and functions

We work to:

  • ensure federally regulated financial institutions (FRFIs) and federally regulated pension plans (FRPPs) remain in sound financial condition.
  • supervise financial institutions in order to determine whether they have adequate policies and procedures to protect themselves against threats to their integrity or security, including foreign interference.
  • act early when issues arise and require FRFIs and FRPPs to take necessary corrective measures without delay.
  • monitor and evaluate risks and promote sound risk management by FRFIs and FRPPs.