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… (OSFI) publishes final Guideline B-15 – Climate Risk Management , and its responses to draft Guideline B-15 … Guideline B-15 sets out expectations for the sound management of climate-related risks for federally regulated … a questionnaire to FRFIs to report on their climate risk management readiness. Letter Banks Life Insurance and …

… also reflects current practices with respect to the risk management of derivatives activities. OSFI expects that the sophistication of an institution’s risk management practices and measurement techniques will depend … risk. OSFI agrees and the change had been made. Risk Management – P. 5 Greater clarity was requested with respect …

… practices covering their financial condition and risk management activities that are among the best of their … be described, together with the corresponding responses by management. [Basel Framework, DIS 10.15] Disclosures should … be sufficiently flexible. They should reflect how senior management and the board of directors internally assess and …

… financial institutions in Guideline B-15 : Climate Risk Management. The updates reflect our commitment to ensuring … for on-balance sheet and off-balance sheet assets under management setting the implementation date to disclose Scope … for the off-balance sheet component of assets under management to fiscal year 2029 We will include these updates …

… to encourage institutions to improve their measurement and management of risk. Institutions may look to CAR for specific … requirements of CAR; namely, the credit approval, risk management, internal capital allocations, and corporate … operations and reporting, including reports to senior management and the Board of Directors. Most institutions rate …

… Underpinned by robust project governance and project management In May 2025, the DCM implementation phase began. … applicable not applicable not applicable Technology Forum Management leaders across 3 sectors Late fall 2025 Banking, … ✓ True ✓ True ✓ True ✓ True ✓ not applicable Data Forum Management leaders of key institutions Early 2026 Banking …

… role and scope of work performed by risk and/or business management (as applicable) and internal audit in respect of … self-assessment process requires that risk and/or business management (as applicable) and internal audit provide the … of all work performed to date by risk and/or business management (as applicable) in respect of the institution’s …

… consistent with their overall liquidity and other risk management practices. The Guideline will be applied when the … of those activities or transactions, such as liquidity management, use of derivatives and securities lending, may … relating to pledged assets is important from a liquidity management standpoint and, in the event of insolvency, …

… in a controlled way and entails implementing a risk management process to identify, assess, and mitigate risks … by OSFI and the FRFI undergoing the testing, the risk management process is the responsibility of the FRFI’s … of all stakeholders. The governance, planning, risk management, and execution of an I-CRT assessment is assigned …

… the outputs. As rating systems are integral to the management of credit risk, economic capital and other vital … Directors (or a designated committee thereof) and Senior Management understand the operation of the rating system and have a detailed comprehension of its associated management reports. This understanding should include the …