Modernizing policies, guidance, and supervision for regulatory efficiency

What's new - January 8, 2026

OSFI's providing additional regulatory relief

The Office of the Superintendent of Financial Institutions (OSFI) is deprioritizing areas that pose less immediate risk to systemic stability. Concentrating resources where they matter most ensures institutions can adapt and grow while preserving confidence and stability.

As such, we are delaying several policy and guidance initiatives from our original schedule. These postponements include:

• consulting on revised Guideline B-12 on Interest Rate Risk Management, which will be rescheduled for a later date
• consulting on the disclosure expectation for financed emissions related to off-balance sheet assets under management under Guideline B-15, which will be revisited in due course, and deferring the implementation to a future date
• publishing the Guide to Administrative Monetary Penalties (AMPs), which is now to be published on January 29, 2026

These adjustments reflect OSFI's discipline of continuously refining the release of our regulatory guidelines and advisories and responds directly to industry concerns by looking for opportunities to remove unnecessary burden. They also reflect our commitment to regulatory efficiency by streamlining oversight and prioritizing efforts where they matter most, without compromising resilience.

In line with this approach, OSFI will also wind down its Climate Risk Forum. This step reflects the sector's growing maturity, streamlines engagement, and allows us to focus on core supervisory priorities while maintaining clear expectations through existing guidance. We will continue to inform and engage with stakeholders through other channels, including Quarterly Releases and Industry Days.