Search
Search results
Deputy Superintendent Angie Radiskovic keynote speech at the Canadian Institute’s 31st Flagship Conference on Regulatory Compliance for Financial Institutions
… of change demand a more dynamic approach to risk management—one that is forward-looking, data-informed, and … team having broadened its work from tech and cyber risk management assessments to developing and analysing incident … pay greater attention to the evolution of third-party risk management and continuity of critical operations which could …
Save the date for our summer 2025 Quarterly Release
… (CAR) Guideline Final Guideline E-23 Model Risk Management Letter to industry – Revision of OSFI's approach … Liquidity Standards 2:30 p.m. – 3:00 p.m. Credit Risk Management Guideline consultation OSFI is developing a new … consolidating and modernizing its approach to credit risk management, who will be impacted and when OSFI plans to …
Audit of supervision insurance
… especially in areas of non-financial risks; Strengthening management and oversight controls to review risk ratings, … Internal Audit (IA) work, where applicable. Gold Stars to Management Management promptly remediated a recommendation (detailed in …
Non-Financial Risk and Operational Resilience: The Rise of Machines, Remarks by Assistant Superintendent Ben Gully, prepared for the C.D. Howe Institute, Toronto, Ontario, February 7, 2019
… environment and the expectations for effective risk management. Looking ahead, it is only creativity and … efficiencies and offer new capabilities to business management. But make no mistake; they also have the power to … institutions will depend, in part, on the ability of risk management functions to develop and maintain understanding …
Cyber Risk and Banking Regulation
… B-13 on sound practices of Technology and Cyber Risk Management . As we stated in the guideline, there is no … innovation, while maintaining sound technology risk management. Another initiative that OSFI is working on that … Function and Processes to a Guideline on Third-Party Risk Management . This enlarged scope better reflects a more …
Audit of Supervisory Processes – Systemically Important Banks Group
… & on-site reviews, reporting and intervention, issues management, etc. Annual planning consists of the preparation … provides an in-depth analysis of various risks and risk management of the FRFI. It can also be offsite which shares … Supervisory Letter, Staging/De-Staging Letter). Issues management is how OSFI monitors and follows up on FRFI action …
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 …
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 …
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 …
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 …
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 (%) …
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 …