Summary of remarks by Deputy Superintendent Angie Radiskovic, Risk, Strategy and Policy and Theresa Hinz, Executive Director, Policy and Risk Response at the ABA Banking Law Committee Fall Meeting

On September 18, 2025, Deputy Superintendent Angie Radiskovic, Risk, Strategy and Policy and Theresa Hinz, Executive Director, Policy and Risk Response participated in a fireside chat at the American Bar Association’s Banking Law Committee Fall Meeting in Toronto.

Deputy Superintendent Radiskovic and Executive Director Hinz touched on OSFI’s role in safeguarding Canada’s financial sector and its mandate to protect depositors, policyholders, creditors, and pension plan beneficiaries while enabling institutions to compete and innovate responsibly. They shared how OSFI is sharpening its focus on the most pressing risks and modernizing its policies to be more efficient.

The discussion went on to highlight OSFI’s updated Supervisory Framework, which enhances transparency and gives the organization greater flexibility to respond quickly when risks emerge. Deputy Superintendent Radiskovic and Executive Director Hinz explained how the Administrative Monetary Penalty (AMP) framework provides a proportionate, risk-based enforcement tool to promote compliance without immediately resorting to severe measures. They also outlined the key risks identified in OSFI’s 2025–26 Annual Risk Outlook.

This event highlighted OSFI’s role as a modern regulator and its ongoing commitment to regulatory efficiency. By focusing efforts where they matter most, OSFI is ensuring oversight remains agile, targeted, transparent, and risk-based—so that Canada’s financial system remains resilient.