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Pension plan examinations conducted by OSFI (November 2016)
… of a pension plan (e.g. plan administration, asset management, communication to members), or that there is … involve a review of the plan administrator’s risk management function, which includes controls and oversight, …
Office of the Superintendent of Financial Institutions’ 2023-2024 Departmental results report: At a glance
… a collective responsibility for risk assessments and management, and enhances use of data and analytics to meet our supervision mandate. Data Management and Analytics : Enabling the vast majority of …
2021-2022 Annual Report to Parliament on the Administration of the Privacy Act
… 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 … their roles and responsibilities in the effective management and protection of OSFI’s information resources as …
OSFI’s annual report under the Fighting Against Forced Labour and Child Labour in Supply Chains Act
… Embedding responsible business conduct into policies and management systems Additional information on OSFI’s policies … 1, 2023, amendments to the Treasury Board Directive on the Management of Procurement require contracting authorities … leasing Professional, scientific, and technical services Management of companies and enterprises Administrative and …
Changes at the Executive Level
… to the changing risk environment. He will supervise the management of approvals, compliance and interpretation of … coordinated approach to strategic stakeholder relationship management. Mr. Yalkin comes to us from Health Canada where … at Treasury Board Secretariat, in expenditure and people management, Health Canada, in product safety regulation, and …
OSFI announces interim approach to cryptoassets
… interim approach helps ensure that FRFIs adopt sound risk management policies and practices concerning their …
Gender-based analysis plus for 2022-2023 Departmental Plan
… or potential biases, or systemic barriers in OSFI’s people management, recruitment and promotion processes. Examination … of DEI related corporate commitments into performance management agreements for all employees Execution of a …
Unauthorized use of the word “bank”
Unauthorized use of the word “bank” Sanctions Type of publication: Ruling Issues: The issues were whether a not-for-profit investment entity (the applicant) could adopt a name that included the word “bank”, or its French-language equivalent “banque” , and …
The Starling Compendium — In Focus interview with Superintendent Peter Routledge
… OSFI’s recently released consultation on culture risk management contemplates related disclosures to support … why we are not seeing as robust a trend at the senior management level at those same institutions. As the Board is … and reinforce a culture of integrity and effective risk management at all levels. Our recent letter proposes issuing …
Summary of remarks by Peter Routledge at the National Insurance Conference of Canada
… of Financial Institutions’ (OSFI) work on risk management and crafting regulations that suit the evolving …
Financial Industry Forum on Artificial Intelligence: A Canadian Perspective on Responsible AI
… the conversation around appropriate safeguards and risk management in the use of Artificial Intelligence (AI) at …
OSFI releases fall update to the Annual Risk Outlook for 2024-2025
… reviews and monitor cyber resilience and third-party risk management of critical outsourced functions assess the impact … to decrease AI-related risks issue an updated Model Risk Management guideline in summer 2025 Quote OSFI will adapt and …
The importance of sound residential mortgage underwriting
The importance of sound residential mortgage underwriting Remarks by OSFI Assistant Superintendent Tolga Yalkin, C.D. Howe Institute, Toronto, Ontario, April 13, 2023 Please check against delivery Before I begin, I would like to acknowledge that we find …
Transforming for Tomorrow: OSFI releases its 2022-2025 Strategic Plan
… financial system Risk Appetite – expand and fortify risk management capabilities and risk appetite to support strategic and operational management Culture – embed corporate values so that … policy innovation, supervisory framework, and data management and analytics. Related links Strategic Plan …
OSFI holds Domestic Stability Buffer at 3.5%
… must continue to exercise sound judgement in capital management. The DSB is not a substitute for prudent capital management and all institutions must have strong capital risk-management plans in place. We continue to monitor the …