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Speech by Superintendent Peter Routledge, OSFI Risk Management Webcast, June 5, 2023
… Speech by Superintendent Peter Routledge, OSFI Risk Management Webcast, June 5, 2023 Check against delivery Good … re-emphasize our focus on what we call the 4 C’s: capital, cash, credit, and contingency. These are the basic tenets of … uncertainty, particularly in times of economic downturn. Cash, we ask federally regulated financial institutions or …
OSFI Summarizes Responses to its Pension Investment Risk Management Consultation Paper
… OSFI Summarizes Responses to its Pension Investment Risk Management Consultation Paper Type of publication: Letter … a consultation paper entitled Pension Investment Risk Management . In this consultation paper, OSFI sought feedback on principles and regulatory expectations for the management of investment risk relevant for federally …
OSFI issues final guideline on Operational Risk Management following consultation period
… OSFI issues final guideline on Operational Risk Management following consultation period We have archived … today released a final version of the Operational Risk Management Guideline (Guideline E-21) following a public … The guideline outlines OSFI’s expectations for the management of operational risk and is applicable to all …
Backgrounder: Draft Guideline B-12 Interest Rate Risk Management Consultation
… Backgrounder: Draft Guideline B-12 Interest Rate Risk Management Consultation Overview The Office of the … adjustments to Guideline B‑12 – Interest Rate Risk Management . The proposed amendments update the interest rate … practices across institutions, and support sound risk management practices across the financial system. Next steps …
Superintendent’s welcome remarks at OSFI’s Risk Management Webcast, June 18, 2024
… Superintendent’s welcome remarks at OSFI’s Risk Management Webcast, June 18, 2024 Welcome everyone to the 2024 version of our annual Risk Management webcast. I’d specifically like to talk about our … make sure that we don’t become complacent. With this Risk Management webcast, we aim to address our responses and …
OSFI releases new guideline for technology and cyber risk, balancing innovation with risk management
… technology and cyber risk, balancing innovation with risk management Today, the Office of the Superintendent of … regulatory guidance to FRFIs on technology and cyber risk management. OSFI’s final Guideline B-13 provides that … each of which sets out key components for sound risk management: Governance and Risk Management, Technology …
Letter to administrators of federally regulated pension plans regarding CAPSA’S risk management guideline
… federally regulated pension plans regarding CAPSA’S risk management guideline Guideline Governance Investment of … 2024, CAPSA published Guideline No. 10: Guideline for Risk Management for Plan Administrators (CAPSA Risk Management Guideline), which sets out principles of risk …
OSFI issues for public consultation a new draft guideline on enterprise-wide model risk management
… a new draft guideline on enterprise-wide model risk management We have archived this page and will not be … released for comment its draft Enterprise-Wide Model Risk Management Guideline , or Guideline E-23. This proposed new … entire spectrum of models used by institutions for risk management purposes. The draft guideline outlines OSFI’s …
Annex to the Statement of Management Responsibility including Internal Control over Financial Reporting 2023-2024 (Unaudited)
… Annex to the Statement of Management Responsibility including Internal Control over … reporting (ICFR) including information on internal control management, assessment results and related action plans. … and Payments Medium No Yes No Accounts Receivable and Cash Receipts Low Yes No No Budgeting and Forecasting Medium …
OSFI hosts first International Financial Regulators Roundtable: Fostering knowledge-sharing on risk management practices
… Regulators Roundtable: Fostering knowledge-sharing on risk management practices The Office of the Superintendent of … Chief Risk Officers and those in key internal risk management roles from six different countries. Discussion … the importance of continuous improvement in our risk management practices. Through initiatives like the …
Ben Gully, Deputy Superintendent – Supervision Sector, delivers opening remarks for OSFI’s Risk Management Webcast
… Sector, delivers opening remarks for OSFI’s Risk Management Webcast Good afternoon, everyone. Welcome to our 2025 Risk Management Webcast. It’s great to see so many participants … It’s how we stay alert, stay connected, and keep risk management at the centre of decision-making. Today’s sessions …
Audit of Supervisory Processes – Internationally Active Insurance Groups, Canada Mortgage and Housing Corporation – Management Action Plan
… Groups, Canada Mortgage and Housing Corporation – Management Action Plan Audit Template Recommendation As per … should be aligned with the final target milestone date. Management response to the audit Management accepts the findings and has identified Management …
Part XII: Establishment of a branch of a cooperative credit society, securities dealer or investment counselling and portfolio management service provider
… securities dealer or investment counselling and portfolio management service provider Information Requirements The … of providing investment counselling services and portfolio management services; a confirmation of whether: the applicant … securities dealer or investment counselling and portfolio management services provider, this causes the Part XII Entity …
IFRS 9 Financial Instruments and Disclosures
… governing FREs permits OSFI to promote the adoption by management and boards of FREs of policies and procedures … relevant factors and their impact on creditworthiness and cash shortfalls. Relevant factors include those intrinsic to … and evaluated individually using the discounted cash flow method upon receipt of new, borrower-specific …
Liquidity Principles – Guideline (2020)
… prudential considerations relating to the liquidity risk management programs of federally regulated deposit-taking … of an institution to generate or obtain sufficient cash or its equivalent in a timely manner at a reasonable … must decide how domestic or foreign currency cash flow and funding needs will be met as liquidity might not be …