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Tolga Yalkin participates in CI’s 30th Anniversary Flagship Conference on Regulatory Compliance for Financial Institutions
… turn to the topic of my remarks—regulatory compliance management (RCM) and its growing importance in today’s … What’s clear is this: strong regulatory compliance management is not just a regulatory expectation—it is a … When we look at risks like regulatory compliance management, we’re no longer limited to viewing them only …
OSFI’s Annual Risk Outlook – Fiscal Year 2024-2025
… standards and use prudent lending, portfolio, and account management practices. We are developing institution-specific … financial institution. It will balance sound risk management against the need for federally regulated financial … on sound residential mortgage account and portfolio management practices . Key areas include the need for robust …
Investments – Financial services entity
… from outside Canada, had undertaken to provide portfolio management services to investment funds, proposed to … the subsidiary to be engaged in the provision of portfolio management services, an activity listed in the definition of … to the FB to assist it in the provision of portfolio management services to the FB’s customers, the investment …
OSFI hosts second International Financial Regulators Chief Risk Officer Roundtable
… expertise and discuss key developments in financial risk management. Over the course of the two-day event, more than … to address the key challenges in the field of risk management. Discussions focused on supervisory and … related to third party risk, people risk and resource management. This year’s roundtable provided a valuable …
Opening remarks by Ben Gully on the final report for the pilot project on climate risk scenarios
… of different climate pathways. They also help build risk management capability and awareness among the participating … opportunity to better understand the governance and risk management practices of participating institutions, and the … in scenario analysis moving forward to build greater risk management capability at institutions over time. OSFI will …
Climate risks
… develop climate-related risk strategies and implement risk management practices. A guideline on climate risk management We’re helping prepare federally regulated … financial risks with Guideline B-15: Climate Risk Management . This will contribute to continued public …
OSFI review of pension investments
… by pension plans having effective governance and risk management practices that keep pace with existing and … procedures and beliefs, as well as their investment risk management practices. PPPD staff worked closely with OSFI … and regulatory guidance on pension plan investment risk management. The review has enabled OSFI to develop a broad …
2023 to 2027 Departmental Sustainable Development Strategy
… material risks, and the quality of its governance, risk management, and compliance. When we identify weaknesses, we intervene early and promptly by advising executive management, boards, and pension plan administrators so that … vision: Canadian FRFIs and FRPPs have mature climate-risk management practices and remain resilient against severe …
Real estate secured lending
… when lenders grant loans to borrowers During the account management stage: throughout the life of the loan Guideline … Regulatory Notice - Reinforcing residential mortgage risk management practices (March 2024) Guideline B-20 – …
Artificial Intelligence in Finance requires specific safeguards: OSFI and GRI report - Explainability among key principles for gaining confidence in AI
… services industry highlighted how current AI risk management frameworks must adapt to remain relevant, … also improves fraud detection, enhances risk analysis and management, boosts operational efficiency, and improves … organization that defines thought leadership in risk management for the financial services sector. We bring …
Audit of Procurement and Contracting
… of procurement guidelines. Since the 2018-19 audit, management has undertaken multiple activities to review … review of procurement files. Based on these activities, management has undertaken several initiatives to improve … policies; and Implementation of audit recommendations and management action plans from the 2018-19 Audit of Procurement …
OSFI continues building climate resilience
… (OSFI) released updates to Guideline B-15: Climate Risk Management . The updates ensure that the expectations for … made significant progress in promoting robust climate risk management by financial institutions. Today, we are taking … evolve. Related links Guideline B-15: Climate Risk Management Business Specifications for the Climate-Related …
2021-22 Departmental Plan
… creditors. FRFIs have effective capital and liquidity risk management practices. FRFIs and pension plans have effective governance and risk management practices that keep pace with existing and … of non-financial risks to support their effective management by FRFIs and pension plans. Key objectives related …
OSFI seeks feedback on its draft standardized climate scenario exercise
… system more broadly. The SCSE furthers robust climate risk management, which helps OSFI promote the adoption by … December 22, 2023. “The adoption of sound climate risk management practices at financial institutions will give OSFI … Exercise (SCSE) Methodology Guideline B-15, Climate Risk Management Climate Risk Forum … OSFI seeks feedback on its …
2023-24 Departmental Plan
… engagement Policy innovation Supervision renewal Data management and analytics Our plans and activities in each of … and coordinated approach to strategic stakeholder management; use partner and stakeholder engagement plans as … a collective responsibility for risk assessments and management, and utilizes data and analytics to meet our …