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Sources of Federal Government and Employee Information (Info Source)
… an institution's risk profile, financial condition, risk management processes, and compliance with applicable laws and … by exercising supervisory powers to take, or require management or boards to take, necessary corrective measures … of an institution's business including control functions management and the board of directors; public and non-public …
Capital Division Guidance / Rule-Making
… design elements are appropriate, and support the effective management of guidance development; Reviewing OSFI's current … analysts may not be as familiar with the Framework as CD management. Additional observations and considerations … as designed in a coordinated/centralized manner 3. Management Response 3.1 Overview This report has been …
Momentum 2024, Central 1’s Annual Conference fireside chat Q&A with Central 1 CEO Sheila Vokey
… strategy to maintain trust, encourage proactive risk management, and ensure that institutions can align their … and allows institutions to focus on practical risk management rather than navigating overly complex regulations. … adaptation to evolving risks. 3. Top-of-the-House Risk Management Guideline : Tolga talked about the anticipated …
Internal Audit Report on Insurance Supervision Sector – Securities Administration Unit
… of the engagement was to assess the effectiveness of SAU’s management control framework in place to administer, monitor, … scope of this engagement focused on the following: SAU’s management control framework in place, including a review of … and practices; the DTB Administration system; SAU management oversight controls built around core processes; …
Internal Audit Report on Risk Support Sector – Corporate Governance Division
… The 2008 financial crisis exposed vulnerabilities in risk management and oversight practices of financial institutions. … in monitoring and early intervention activities. 3. Management Response Management wishes to thank the audit team for their …
Internal Audit Report on Supervision Support Group - Operational Risk Division
… of Financial Institutions Canada’s ( OSFI’s ) risk management, control, and governance processes, as designed and represented by management, are adequate and functioning in a manner to … for inclusion in the OSFI 2016-17 Internal Audit Plan. ORD management has reviewed this report and provided their …
Derivatives Sound Practices for Federally Regulated Private Pension Plans (letter)
… by reflecting current practices with respect to the risk management of derivatives activities, and covers both … should consider applying similar prudence and risk management processes and procedures in respect of those … similar risks. Use of Derivatives (Section 2.0) Risk management for pension plans should take into account both …
OSFI-FCAC Risk Report - AI Uses and Risks at Federally Regulated Financial Institutions
… benefits include enhancing customer engagement and risk management, improving decision making, and driving … critical use cases, such as pricing, underwriting, claims management, trading, investment decisions, and credit … code of conduct on the responsible development and management of advanced generative AI Systems ; the Principles …
Actuarial reports – Items warranting review (May 2021)
… auditing related expenses; investment expenses, including management and transaction fees relating to the liquidation … the return and expenses related to active investment management for determining whether the discount rate used in … assumption for value-added return of 0.10% due to active management Scenario 1 (%) Scenario 2 (%) Scenario 3 (%) …
Superintendent Routledge participates in a fireside chat with the National Bank of Canada at their 22nd Annual Financial Services Conference
… practical dialogue between the institution’s Board, senior management and OSFI supervisors. 2. What are the potential … on their own risk appetites, as determined by their senior management, boards of directors and private pension plan … concentrations. It’s important for lenders to have risk management practices throughout the life cycle of the …
Peter Routledge, Superintendent of Financial Institutions shares how OSFI is working to encourage good governance, Starling Trust paper
… limits, as well as related roles and responsibilities of management. Finally, it set expectations for financial … schemes in a way that encourages responsible risk management and avoids rewarding excessive risk-taking. In any … behave. Culture can reinforce established rules and risk management disciplines, or it can lessen the effectiveness of …
File and submit a return
File and submit a return Federally regulated financial institutions and pension plans need to file regular returns with us. We provide instructions on how to meet these requirements to file corporate and financial returns, for deposit-taking institutions, …
OSFI releases final Integrity and Security Guideline
… to engage institutions on integrity and security risks management throughout this implementation period in keeping … E‑21 ( Operational Resilience and Operational Risk Management ), Guideline B‑10 ( Third-Party Risk Management ), Guideline B-13 ( Technology and Cyber Risk …
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 …