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OSFI releases new framework to strengthen financial institutions’ resilience to cyber-attacks
… with OSFI’s Guideline B-13 – Technology and Cyber Risk Management , OSFI expects FRFIs to have measures in place … Risk Outlook Guideline B-13 – Technology and Cyber Risk Management … OSFI releases new framework to strengthen …
OSFI launches consultation on technology risks in the financial sector
… discussions that will occur will support effective risk management and enhance resilience in the Canadian financial … guidance includes: Guideline E-21 (Operational Risk Management) addresses key expectations and principles for … risks (discussion paper) Strengthening Third Party Risk Management (infographic) … OSFI launches consultation on …
Chapter 3: OSFI’s legislated reporting requirements
… for financial institutions on B-15: Climate Risk Management so they remain consistent with the Canadian … with legislative requirements. We develop guidance on risk management and mitigation, assess whether pension plans are … bear the responsibility for the sound and prudent management of their pension plans. Interventions In 2024-25, …
Theresa Hinz, Executive Director of Policy and Risk Response and Amar Munipalle, Executive Director Risk Advisory Hub deliver remarks for OSFI’s September 2025 Quarterly Release Day
… and, instead, taking a narrower focus on board and senior management accountability, with a consultative document … (CAR) Guideline Final Guideline E-23 Model Risk Management Strengthening Climate Risk Financial Resilience: … like to discuss is the Final Guideline E-23 Model Risk Management. Model risk is the risk of adverse financial …
Additional Corporate Information for the 2021-22 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 …
Additional Corporate Information for 2023-2024 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 2022-2023 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 …
2020 to 2023 Short-form Departmental Sustainable Development Strategy
… 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 …
2020 to 2023 Short-form Departmental Sustainable Development Strategy
… 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 …
Bank of Canada/OSFI pilot helps Canadian financial sector assess climate change risks
… that defines and promotes best practices in climate risk management in the financial sector. The Bank of Canada joined … on the maturity of climate related governance and risk management practices of Canadian financial institutions, and … level of preparedness for managing risks. More robust management of climate related financial risks is essential …
Additional Corporate Information for 2022-2023 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 …
The Evolving Regulatory Landscape Facing Credit Unions
… but also necessitates innovative approaches to risk management and strategic planning. Our job is to provide the … support financial institutions in enhancing their risk management capabilities, adapting more efficiently to … institutions in the right direction regarding risk management. The ARO has a dual role, however: it identifies …
Guide for Incorporating Federally Regulated Insurance Companies
… to the making of the Order will focus on whether the FIC's management, policies, processes and systems are in place and … and a copy of any proposed shareholders' agreement. 1.3 Management The applicant is generally expected to provide: … proposed mandates for each senior position and any senior management committees; details regarding the hiring criteria, …
OSFI’s Annual Risk Outlook - Semi-annual update
… of our actions CRE We continue to supervise CRE risk management practices to ensure our expectations of prudent account and portfolio management are met. The intention of our supervisory work is … RESL our supervisory work includes ensuring that FRFI risk management practices are responsive to changing market …
Guide to Intervention for Federally Regulated Property and Casualty Insurance Companies
… statutory filings, financial reporting requirements and management reporting to the Board, including minutes of the … of supervisory letters. Requesting that the company’s management provide a copy of the supervisory letter to … below industry norms. The company has issues in its risk management or control deficiencies, although not serious …