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Office of the Superintendent of Financial Institutions Accessibility Plan Progress Report 2023
… Engagement and Stakeholder Affairs and Enterprise Change Management Outcome: Improved accessibility and readability of …
Annual Filing Process for Pooled Registered Pension Plan Returns
Annual Filing Process for Pooled Registered Pension Plan Returns Guidance Annual filing requirements Pooled registered pension plan All pooled registered pension plan returns that are submitted annually must be filed using the Regulatory Reporting System …
OSFI’s new Guideline E-16 provides enhanced clarity and disclosure for life insurers with participating accounts
OSFI’s new Guideline E-16 provides enhanced clarity and disclosure for life insurers with participating accounts Today, the Office of the Superintendent of Financial Institutions (OSFI) published final Guideline E-16 , which sets out OSFI’s expectations …
OSFI’s principles-based approach: Encouraging smart, flexible regulation
… ways. By allowing institutions to tailor their risk management strategies, OSFI encourages thoughtful … promotes flexibility, resilience, and responsible risk management. It helps financial institutions stay agile in a …
OSFI issues the final version of the Life Insurance Capital Adequacy Test (LICAT) guideline
… life insurance industry and evolving risk measurement and management practices. Quote “The LICAT guideline represents …
Tolga Yalkin, Assistant Superintendent, delivers remarks for OSFI’s second Quarterly Release Announcement Day
… 31, 2026, we will be introducing a top-of-the-house risk management guideline. This guideline will set high level … fostering a desired culture, and enterprise-wide culture management—lend themselves well to a lift and shift into …
OSFI Tightens Supervisory Expectations for Mortgage Underwriting
… by prudent underwriting practices, as well as sound risk management and internal controls that are commensurate with … Letter — Reinforcing Prudent Residential Mortgage Risk Management OSFI Guideline B-20 — Residential Mortgage …
Who does OSFI regulate
… to absorb losses Requiring strong governance and risk management Monitoring for signs of financial trouble … healthy. OSFI reviews financial data, meets with management, and assesses risks. If problems are found, OSFI …
Backgrounder: Strengthening Climate Risk Financial Resilience: Insights from the Standardized Climate Scenario Exercise
… practices, strategic planning, and enterprise risk management. Way forward OSFI and the AMF will incorporate … findings into ongoing supervisory expectations and risk management guidance. Future work will focus on assessing …
What we heard: Second Consultation on the Standardized Climate Scenario Exercise
… by the end of 2024. The SCSE furthers robust climate risk management, which helps OSFI promote the adoption by FRFIs of … impact financial market risks to the FI for assets under management scope for the physical risk module - reinsurance: …
Final Instruction Guide – Termination of a Defined Contribution Pension Plan
Final Instruction Guide – Termination of a Defined Contribution Pension Plan Type of Publication: Letter Date: May 5, 2021 To: Administrators of defined contribution pension plans registered or filed for registration under the Pension Benefits Standards …
Acquisition or disposal of assets exceeding 5% of a FI’s assets, to/from a widely held bank or insurance holding company or a subsdiary of the holding company that is related to FI
… analysis of transaction in respect of asset/liability management Administrative Guidance An application under any … authorities: should conform to prudent balance sheet asset management principles may also require an approval of the …
OSFI clarifies expectations around wholesale funding sources such as HISA ETFs
OSFI clarifies expectations around wholesale funding sources such as HISA ETFs The Office of the Superintendent of Financial Institutions (OSFI) is announcing additional clarification related to the liquidity treatment of wholesale funding sources with …
About the Office of the Superintendent of Financial Institutions
… Although OSFI plays an important oversight role, the management, boards of directors and trustees of these … problems or weaknesses are spotted, OSFI works with senior management, boards and pension plan administrators to quickly …
The path forward: OSFI releases its strategic plan for 2019-2022
… these goals will look like. The plan will be used as a management tool and will be monitored and updated to reflect …