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OSFI releases fall risk update focused on frontier AI
… also offers opportunities to improve productivity and risk management. As capabilities advance, institutions should … governance, controls, and testing. Boards and senior management remain accountable for managing these risks. … resilient. Strong capital, liquidity, governance, and risk management help institutions adapt, innovate, and support …
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 …
Consultation summaries
… public consultation on Guideline B-12 – Interest Rate Risk Management (September 2026) Summary of stakeholder comments … What we heard report (January 2024) Third-party Risk Management guideline - Summary response to consultation … OSFI Summarizes Responses to its Pension Investment Risk Management Consultation Paper (October 2022) Consultation …
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 …
Backgrounder: Draft Pillar 3 Disclosures for Interest Rate Risk Consultation
… rate shocks and strengthen expectations for IRRBB risk management. The proposed amendments do not affect capital or … proposed amendments to Guideline B‑12 – Interest Rate Risk Management and global Basel standards. Interest rate risk is … and comparability across institutions support sound risk management practices, contributing to a more resilient …