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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 …
Risk governance
… risk. It includes the oversight of boards and senior management, the work of independent control functions and the … organization. Independent oversight functions such as risk management, compliance, and internal audit, that provide …
Peter Routledge participates in a fireside chat at VersaFi & PwC - Canada Strong: The Future-Ready Financial System
… is why we've launched a consultation on a new Credit Risk Management Guideline to strengthen how institutions assess … and direct engagement with boards and senior management, while sharpening how we communicate our … clear expectations through Guideline B-15 on climate risk management. That includes governance, risk management, and …
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 …
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 …
Peter Routledge participates in a fireside chat at the National Insurance Conference of Canada 2026
… is ultimately used remains a decision for boards and management teams. Moderator: In your speech to the Economic … potential to improve productivity, services and risk management. Canadian financial institutions need to continue … they make, and strong governance, human oversight and risk management must keep pace with the technology. OSFI supports …
Superintendent Routledge participates in a fireside chat at the 2026 CatIQ conference
… moving forward. Moderator: What aspects of climate risk management should insurance companies focus on based on what … Peter Routledge: When it comes to climate risk management, our analysis clearly shows that P&C insurers have … Moderator: How does OSFI see its approach to climate risk management relative to peer regulators globally? …
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 – …
Chapter 1: About us
… delay monitor and evaluate risks and promote sound risk management by financial institutions and pension plans … a governance framework that is aligned with our risk management approach and three lines model. The internal … oversight for financial institutions and pension plans. Management Oversight Committee: Our central governance body …
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 …
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 …
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 …
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 …
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 …
Guide to Foreign Bank Branching
… of how these arrangements would be managed. 1.2 Management The Applicant is generally expected to provide: … requirements set out in section 585 of the BA. 1.3 Risk Management: Policies, Procedures and Risk Management Controls The Applicant is expected to provide: …