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Technology and Cyber Security Incident Reporting
… include guidance on OSFI's expectations for an incident management framework. For the purpose of this Advisory, a … priority and severity levels within in their incident management framework. When in doubt about whether to report … affecting the FRFI; A FRFI's technology or cyber incident management team or protocols have been activated; An incident …
Stress Testing - Letter (2009)
… Stress testing should be embedded in enterprise wide risk management. A stress testing program as a whole should be … from the planning cycle reduces its effectiveness as a management tool. We clarified the requirement by eliminating …
Large Exposure Limits
… self-assessment of risk. Recent reviews of credit risk management practices have shown that institutions are using … between borrowers; through ownership or common management, the entity controls, or is controlled by, another … in regards to operational, business, risk and crisis management policies. If you have any questions, please …
Regulatory notice on using natural catastrophe bonds in the Minimum Capital Test guideline
… catastrophe bonds as part of their reinsurance risk management. Definition Natural catastrophe bonds are … of compliance with applicant's reinsurance risk management policy and Guideline B-3 – Sound Reinsurance … (for example, declaration of trust). Copy of investment management guideline and oversight. Description of the type …
2020-21 Departmental Results Report
… enhance their awareness of emerging risks and related risk management processes. Under this goal, in 2020-21 OSFI: … which are prepared on the appropriation (i.e., modified cash) basis of accounting, in accordance with the Guide to … OSFI is slightly under planned spending on the modified cash basis of accounting, total expenses in the financial …
Guide for Continuing a Local Cooperative Credit Society as a Federal Credit Union
… financial support; and a description of the proposed management team. (ii) Submission of Phase-1 Information OSFI … Requirements (LAR) Guideline, including the Net Cumulative Cash Flow and Liquidity Coverage Ratio, for each year of the …
Securities Lending
… Footnote 1 of the market value of the securities lent. Management is expected to ensure that the margin of … following assets, denominated in Canadian or U.S. dollars: cash; widely-traded debt instruments having a rating of … program; and reviewed regularly by appropriate senior management. The pension plan administrator should, at least …
Public consultation on guideline B-20: Residential Mortgage Underwriting
… restricting either the dollar value or count of the: Flow, or volume, of new mortgages underwritten; or, Stock of … restriction on high LTI lending, often referred to as a “flow limit” or “speed limit,” could support the policy …
Integrity and Security – Frequently Asked Questions
… E-17 on background checks, E-13 on regulatory compliance management, and our Corporate Governance guideline) Meet … security of branch records is critical. As well, branch management should undergo the necessary background checks. 7. …
Property and Casualty Large Insurance Exposures and Investment Concentration
… in regards to operational, business, risk and crisis management policies. II. Large Insurance Exposures Gross … to a Single Insurance Exposure; and Be reviewed by Senior Management of the P&C FRI, at a minimum, annually. Using … P&C FRIs should have policies with respect to the management of investment concentration, which include …
Substantial Investments - Appendix A.6
… investment diversification and professional investment management to the holders of their securities. In addition, … investment counselling services; providing portfolio management services; networking financial services; or acting … to whom the association may provide financial services; management, advisory, educational and certain other services …
Large Exposure Limits for Domestic Systemically Important Banks – Guideline (2019)
… in regards to operational, business, risk and crisis management policies. II. Scope of Application This guideline … systems and processes will help to facilitate the active management of large exposures. Institutions should have … with other shareholders); if through ownership or common management, one counterparty controls, or is controlled by, …
Large Exposure Limits - Guideline (2028)
… in regard to operational, business, risk and crisis management policies. II. Scope of Application This guideline … systems and processes will help to facilitate the active management of large exposures. Institutions should have … with other shareholders); if through ownership or common management, one counterparty controls, or is controlled by, …
Superintendent Peter Routledge participates in a fireside chat at the 2025 Scotiabank Financials Summit
… strengthening the accountability of boards and senior management of financial institutions. We will continue to … is respected in every country, and trade continues to flow, not tariff-free, but the tariff levels across North …
Learn about how OSFI and FINTRAC work together
… in the Canadian financial system by: fostering sound risk management and governance practices through a regulatory … security, including foreign interference, and to advise management and the board of directors promptly of … including international electronic funds transfers, large cash transactions, large virtual currency transactions, …