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Audit of Supervision Small and Medium Sized Banks – Management Action Plans
… Audit of Supervision Small and Medium Sized Banks – Management Action Plans Audit Management response to the audit We appreciate the Internal … developing the Supervision Digital Information Access Management Procedure, rolling out new tools to support … Audit of Supervision Small and Medium Sized Banks – Management Action Plans …
OSFI proposes changes to manage mortgage risks, preserving access for Canadians
OSFI proposes changes to manage mortgage risks, preserving access for Canadians Today, the Office of the Superintendent of Financial Institutions (OSFI) announced a consultation for feedback on proposed changes to the Capital Adequacy Requirements (CAR) …
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 …
Summary of stakeholder feedback and OSFI’s responses for the public consultation on Guideline B-12 – Interest Rate Risk Management
… public consultation on Guideline B-12 – Interest Rate Risk Management Banks Trust and loan companies Topic Stakeholder … feedback. Related links Guideline B-12 Interest Rate Risk Management (2027) - Letter Interest Rate Risk Management – Guideline (2027) Backgrounder: Final Guideline …