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Stress Testing Guideline for Plans with Defined Benefit Provisions
… testing would support good controls with respect to asset management. I. Stress Testing Defined Stress testing involves … in the incidence of disability. Administrative and asset management expenses: Actual expenses could exceed what is …
Sale of all or Substantially all Assets by Deposit-taking Institutions
… with the rationale for the Connected Transactions and flow-charts depicting them; with regard to the applicant and … policies, including those related to liquidity, capital management, risk management and investments. Purchaser-focused Information …
Stress Testing Guideline for Plans with Defined Benefit Provisions (letter)
… the use and frequency of stress-testing as a risk-management tool. Over the past couple of years, OSFI has been …
No OSFI approval of amendments or actuarial reports
No OSFI approval of amendments or actuarial reports Past newsletter articles Actuarial and funding Amendments OSFI regulation documents Defined benefit plans Defined contribution plans We would like to remind administrators that under the Pension …
Summary of remarks by Assistant Superintendent at Responsible Investment Association Conference
Summary of remarks by Assistant Superintendent at Responsible Investment Association Conference On June 7, 2023, Tolga Yalkin, Assistant Superintendent of Policy, Innovation and Stakeholder Affairs at the Office of the Superintendent of Financial …
OSFI seeks feedback on disclosure of crypto-asset exposures
OSFI seeks feedback on disclosure of crypto-asset exposures Today, the Office of the Superintendent of Financial Institutions (OSFI) launched a consultation on the public disclosure of crypto-asset exposures by federally regulated financial institutions …
Technical Advisory Committee for the Review of Defined Contribution Plans - Terms of Reference
… that provide DC plan administrative services, investment management services and / or sell life annuities. The …
Consultation outcomes - OSFI Guideline Consequential Changes as a Result of IFRS 17
… While CALM valuations will no longer be a driver of asset management under IFRS 17, we do expect insurers to continue using appropriate asset management principles. 2. The appropriateness of the text of …
OSFI-596 - Return of Fiscal Year End Change
… completed Returns in order to be captured by OSFI’s data management systems. RRS resubmissions are not permitted for …
Progress on our initiatives
… our transformation: Risk, strategy and governance Data management and analytics Policy innovation Supervision … risk environment. Modernizing how we collect data Data management and analytics: Data is the foundation that guides …
OSFI review of pension investments – Update
… guidance intended to promote more robust investment risk management practices among the pension plans OSFI regulates. … principles-based regulatory expectations relating to risk management for pension plan investments. A key consideration …
Backgrounder: Results of OSFI’s Policy Review
… be developing two foundational guidelines: one on risk management, and another on board and senior management accountability (revised Corporate Governance …
OSFI releases first Annual Risk Outlook
… taken to address developing risks leads to better risk management outcomes, especially when risks cross traditional … within the financial sector. OSFI approaches risk management in the financial sector in a deliberate, …
Summary of remarks by Assistant Superintendent at Canadian Life and Health Insurance Association event
… Guideline and the final Guideline B-10 on third-party risk management, and more. While we at OSFI are proud of our track …
Scams and fraud
Scams and fraud Investment scam OSFI is aware that some companies are falsely invoking its name or claiming to be OSFI employees, to legitimize their activities. Please be advised that OSFI does not have authority over day-to-day operations of financial …