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Life Insurance Return – Section V – Jurisdictional Requirements
… for OSFI to ensure that the insurer's Canadian branch management is kept fully apprised of the branch's operations … after presentation to the Board of Directors/ Branch Management, and one year after fiscal year end FCT Template … after presentation to the Board of Directors/ Branch Management, and one year after fiscal year end External …
Guide to Intervention for Federally Regulated Deposit-Taking Institutions
… statutory filings, financial reporting requirements and management reporting to the board (including minutes of the … to the institution. Requesting that the institution’s management provide a copy of the supervisory letter to … resilience. the institution has issues in its risk management or has control deficiencies that although not …
Strengthening Fundamentals and Adapting to a Dynamic Risk Landscape - Fostering the Foundations of Sound Supervision
… clear communication channels and collaborative crisis management frameworks can enhance readiness and response to … Finally, governance matters. Deficiencies in risk management and accountability at the executive level are … and actions, ensuring transparent and effective risk management practices, and fostering a culture of …
Reporting on green procurement for 2022-2023 Departmental Results Report
… OSFI: Ensures that all procurement and/or materiel management specialists complete the Canada School of Public … Target: All of OSFI's procurement and/or materiel management specialists have completed training on green … indicator: Percentage of procurement and/or materiel management specialists who have completed training on green …
Amending an order to commence and carry on business to add or delete a class of insurance (Canadian company)
… of the Minimum Capital Test; an overview of the risk management and control processes for the new class of … including those related to: product design and pricing management, underwriting and liability management, and reinsurance arrangements and risks retention …
2023 to 2024 Departmental Sustainable Development Strategy Report
… drafted and will be made available on the OSFI Learning Management System across the organization. Provide people … achieved Ensure that all procurement and/or materiel management specialists complete the Canada School of Public … indicator: Percentage of procurement and/or materiel management specialists who have completed training on green …
Panel discussion with Tolga Yalkin on the Evolving Regulatory Landscape Facing Credit Unions
… of their operational resilience and operational risk management practices, helping them withstand, adapt to, and … E-21 on Operational Resilience and Operational Risk Management for consultation. This guideline sets out our … Guideline E-21 also supports other important areas of risk management such as Guideline B-13, Technology and Cyber Risk …
Administration of Negotiated Contribution Plans
… Authorities (CAPSA) Guideline No. 10: Guideline for Risk Management for Plan Administrators as part of their efforts …
OSFI takes data-driven approach to understanding potential impacts of climate risks at financial institutions
… to seeing the results, which will advance climate risk management practices at financial institutions. - Peter … phase of SCSE consultation Guideline B-15, Climate Risk Management Climate Risk Forum … SCSE … OSFI takes data-driven …
Amending an order to insure in Canada risks to add or delete a class of insurance (foreign company)
… Branch Adequacy of Assets Test; an overview of the risk management and control processes for the new class of … including those related to: product design and pricing management, underwriting and liability management, and reinsurance arrangements and risks retention …
Establishment of a branch by a foreign insurer (order to insure in Canada risks)
… oversight that will be provided by the applicant’s senior management, or if applicable, that of its parent, in the … policies and procedures, Footnote 19 reinsurance risk management policy, Footnote 20 operational risk management policies, Footnote 21 business continuity …
Life Insurance Regulatory Framework
… than in the past. This requires a greater awareness and management of risk by companies, industry stakeholders and … We also recognize that changes to companies’ risk management, governance and oversight processes and to OSFI’s … increased integration between risk measurement, risk management and pricing for risk. OSFI’s regulatory framework …
Additional Corporate Information for 2021-2022 Departmental Plan
… its legislation, OSFI’s mandate is: Fostering sound risk management and governance practices OSFI advances a … and take reasonable risks. OSFI recognizes that management, boards of directors and pension plan … financial institutions to develop more robust IT risk management frameworks, including increased cyber security …
Additional Corporate Information for the 2020-2021 Departmental Results Report
… its legislation, OSFI's mandate is: Fostering sound risk management and governance practices OSFI advances a … and take reasonable risks. OSFI recognizes that management, boards of directors and pension plan … financial institutions to develop more robust IT risk management frameworks, including increased cyber security …
Mortgage Insurance Return – Section V – Jurisdictional Requirements
Mortgage Insurance Return – Section V – Jurisdictional Requirements Mortgage insurers must accommodate for the differences in legislation from jurisdiction to jurisdiction in Canada. Each jurisdiction's requirements can now be found in this section, …