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Guidelines and regulatory notices
Guidelines and regulatory notices The Office of the Superintendent of Financial Institutions (OSFI) uses a variety of tools to guide and oversee financial institutions in Canada. Two of the most important tools are Guidelines and Regulatory Notices . …
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 …
Annual Risk Outlook – Semi-annual update – Fiscal Year 2025-2026
… principles on prudent underwriting standards, portfolio management, and account management practices. We are closely examining adherence to … measure and assessing mortgage lenders' VRMFP risk management practices. To specifically address concerns …
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 …
OSFI promotes financial institution resilience with a new version of its Large Exposure Limits guideline for Domestic Systemically Important Banks (D-SIBs)
… The guideline reflects current sound practices for the management of risks related to large exposures and provides … will ensure that Canada has up-to-date large exposure risk management guidance”, said Carolyn Rogers, Assistant …
Peter Routledge participates in a fireside chat at the National Insurance Conference of Canada 2025
… these risks in institutions’ business strategies and risk management frameworks. Guideline B-15, the Standardized … and manage AI risks as part of their enterprise-wide risk management, with board accountability. That way, innovation …
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 …
Superintendent Peter Routledge participates in a fireside chat at Morningstar DBRS
… of the LICAT framework will support capital regulatory management and predictability. We continue to engage with …
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 …
2024-2025 Annual Report to Parliament on the Administration of the Access to Information Act
… delay monitor and evaluate risks and promote sound risk management by FRFIs and FRPPs In exercising our mandate: for … and material risks evaluating quality of governance, risk management and compliance Our role and benefits to Canada We … their roles and responsibilities in the effective management and protection of OSFI’s information resources as …
Looming risks and long-term resilience
… increased credit risk on their loss provisions and capital management decisions. In addition, they should have proactive account management practices to assist borrowers in times of stress, … response to date centers on Guideline B-15: Climate Risk Management. This guideline aims to ensure that as the various …
Tolga Yalkin participates in the 2024 Institute of International Finance-Canadian Bankers Association Canada Forum
… emerge. For example, in the case of climate risk management, we have observed convergence of disclosure … framework of understanding about risk exposure, risk management and corporate governance can assist in … we consulted on revisions to Guideline E-23 Model Risk Management . These proposed revisions are intended to help us …
FSRA/OSFI Defined Contribution (DC) Pension Plans Technical Advisory Committee - Meeting Summary, December 11, 2020
… and education; The need for transparency of investment management and administration fees for both plan sponsors and … of Canada VC Todd Saulnier Association of Canadian Pension Management VC Zaheed Jiwani Eckler VC Antoinette Leung FSRA …