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Control in Fact – Major shareholder and service provider
… services. The balance of the Entity’s functions, including management, compliance, finance/accounting and the oversight …
Filing an Application for Approval of an Asset Transfer related to Defined Benefit Provisions using the Regulatory Reporting System (RRS)
Filing an Application for Approval of an Asset Transfer related to Defined Benefit Provisions using the Regulatory Reporting System (RRS) Regulatory Reporting System filing instructions Asset transfers Defined benefit plans General The purpose of this …
Exploring the most significant hurdle to AI effectiveness
Exploring the most significant hurdle to AI effectiveness Artificial intelligence Artificial Intelligence (AI) is dominating tech business headlines, and much of the buzz seems to centre around who has the biggest, baddest, smartest, most game-changing …
Reporting Requirements for Life Insurance Companies and Fraternal Benefit Societies
… after presentation to Board of Directors/Canadian Branch Management, and one year after fiscal year-end Return to … the Board of Directors / signed off by the Canadian Branch Management Return to table footnote f referrer Table footnote …
Insights from the 2025 Climate Risk Returns
… climate-related data collection, reporting, and risk management. This information will help OSFI refine the … FRFIs to develop internal systems, controls, and risk management practices that are consistent with international … on Banking Supervision Principles for the effective management and supervision of climate-related financial risks …
Office of the Superintendent of Financial Institutions Accessibility Plan Progress and Close-Out Report 2025
Office of the Superintendent of Financial Institutions Accessibility Plan Progress and Close-Out Report 2025 Accessibility Office of the Superintendent of Financial Institutions 255 Albert Street, 12th floor Ottawa, ON K1A 0H2 Canada Telephone: …
Why the biggest AI challenge may be explaining what it does
… Davis, Executive Vice President, Financial Crimes Risk Management, Scotiabank. Here’s how the FIFAI report …
Assistant Superintendent, Tolga Yalkin, delivers Media Briefing on the release of the final Integrity and Security Guideline
… relating to good character of directors and senior management, corporate culture, governance, and compliance; … to engage institutions on integrity and security risks management throughout this implementation period in keeping …
OSFI's Spring 2025 Quarterly Release: continuously working to ensure the safety and stability of Canada’s financial system
… updates that enhance insurers flexibility in risk management and strengthens reinsurance oversight and … This gives insurers greater flexibility in capital management. This change aligns with principles-based …
Guidance for Reinsurance Security Agreements
… or committee of the Board, approved policy requiring management to confirm Footnote 4 to the Board, or committee …
Business in Canada – Mortgage loan administration services
Business in Canada – Mortgage loan administration services Foreign banks Type of publication: Ruling Issue: The issue was whether an entity that is associated with a foreign bank and that provides administration services to Canadian entities in respect of …
Eligible default investment options for Pooled Registered Pension Plans
… that fall within this category may include an investment management fee and other administrative fees. Communicating …
Thriving in Uncertainty: Don’t Just Plan for the Future, BUILD IT!
… in housing finance; OSFI will finalize its climate risk management guideline by the end of our fiscal year; and OSFI … vigilance and heightened prudence in their capital management practices with a view to increasing margins of …
Opening Remarks by Superintendent Peter Routledge – Northwind’s 35th Annual Financial Services Forum, Cambridge, ON
… clear expectations and a path to enhanced climate risk management and disclosures. We know that we are not alone in …
Key Metrics Report – P&C insurers
… line (e.g. model risk, data quality/quantity or for management tolerances, if not quantified elsewhere). Line 19: … as the Internal Target identified in the insurer's Capital Management Policy and disclosed to OSFI. This amount should …