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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 …
OSFI’s annual supervisory letters
… enabling early intervention and promoting sound risk management practices. While these letters are not public, …
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 …
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 …
Josée Turcotte appointed as OSFI Deputy Superintendent, Integrity, National Security and Integrated Solutions
… Emerging Risk Operations Directorate, where she led the management of non-financial risks and the development of … experience in financial regulation, governance and risk management at a time when Canada's financial system is …
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 …
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: …