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Follow-up responses from OSFI to questions posed by Committee members on January 21, 2022
… sector had approximately C$1.7 trillion in assets under management according to a 2021 study by the Bank of Canada, … financial intermediation activities including the management of investment funds, repo and securities lending, …
Message from the Superintendent
… specifically, supervisory renewal, culture, and data management and analytics. In delivering on the 2024-2027 …
List of Pooled Registered Pension Plans
… together to achieve lower costs in relation to investment management and plan administration. PRPPs can be offered to …
Summary of OSFI comments at the 15th BCBS-FSI high-level meeting
Summary of OSFI comments at the 15th BCBS-FSI high-level meeting On January 30, 2020, Ben Gully, Assistant Superintendent, Regulation Sector, met with other senior regulators and supervisors at a Basel Committee on Banking Supervision – Financial …
OSFI issues guideline supporting sound residential mortgage insurance underwriting
… concerning mortgage insurers’ governance and internal risk management practices. The guideline outlines principles for …
OSFI releases for public consultation a draft new life insurance capital adequacy guideline
… in the life insurance industry and evolving risk management practices. Quote "The LICAT guideline represents …
Backgrounder: Additional rescission or removal of documents from OSFI’s Guidance Library
Backgrounder: Additional rescission or removal of documents from OSFI’s Guidance Library Overview As part of its Policy Modernization , the Office of the Superintendent of Financial Institutions (OSFI) is removing outdated or redundant guidance and …
Backgrounder: Draft Guideline B‑2 – Large Exposure Limits for Small and Medium-Sized Banks
… institution. The proposed updates aim to strengthen risk management of single-name concentration risk, helping to …
Opening remarks to the Standing Committee on Banking, Commerce, and the Economy on OSFI's role in banking
Opening remarks to the Standing Committee on Banking, Commerce, and the Economy on OSFI's role in banking Opening remarks: Superintendent, Peter Routledge Date: May 10, 2023 Good afternoon, Madame Chair and members of the Committee. Thank you for having …
Summary of remarks by Peter Routledge at Simon Fraser University
… to students, Mr. Routledge highlighted climate risk management. Climate change and the global response to the …
Memorandum to the Appointed Actuary (2024) – Letter
Memorandum to the Appointed Actuary (2024) – Letter August 22, 2024 To: All federally regulated insurers Subject: 2024 Memorandum to the Appointed Actuary We are issuing our 2024 Memorandum to the Appointed Actuary (Memorandum). The Memorandum …
OSFI issues updated requirements for technology and cyber incident reporting
OSFI issues updated requirements for technology and cyber incident reporting We have archived this page and will not be updating it. You can use it for research or reference. Today, the Office of the Superintendent of Financial Institutions (OSFI) …
OSFI launches consultation on climate-related risks in the financial sector
… that will occur will support effective climate risk management and contribute to the resilience of the Canadian …
OSFI releases capital guidelines updates for financial resiliency
OSFI releases capital guidelines updates for financial resiliency Today, the Office of the Superintendent of Financial Institutions (OSFI) revised the following capital guidelines: Capital Adequacy Requirements (CAR) Life Insurance Capital Adequacy Test …
Non-bank Financial Institutions
Non-bank Financial Institutions What are non-bank financial institutions (NBFIs) NBFIs offer services similar to traditional banks but are not licensed as banks. These organizations do not take deposits in the same way banks do, yet they play a major role …