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The key to keeping financial industry AI safe and effective
… broad community of practice where institutions could share best practices. " Continuous dialogue and collaboration …
How financial regulators can keep pace with AI innovation
… that regulations should be consistent, follow a new set of best practices, cover third-party data and products, consider …
Statement from the Superintendent on Canadian bank capital and dividends
… pandemic has raised questions around the world about how best to approach bank capital requirements and the resulting …
OSFI’s Quarterly Release: continuing to advance smart, well-calibrated risk-taking
… Risk Management Guideline will align with international best practices and improve regulatory and supervisory …
Life Insurance Regulatory Framework
… to compete effectively. As healthy companies are best situated to protect policyholders and creditors, OSFI is … framework, to ensure that we are able to incorporate best practices, and limit – to the extent practical – … Although life insurance companies know their business best, they must operate within a framework of risk oversight …
Superintendent Peter Routledge participates in a fireside chat with Sonia Baxendale, President and CEO of the Global Risk Institute at the 2024 Global Risk Institute Annual Summit
… managers in longer term intelligent discussions about the best way to achieve the principle. The role of the board in … need to broaden your skillset on boards. The traditional best practices of boards with the right skillset is fit for … worsening or intensifying climate risk? If not, how's the best way to advance that? If so, that's one less thing to …
Actuarial Report (18th) on the Old Age Security Program as at 31 December 2021
… Ontario K1A 0H2 E-mail: oca-bac@osfi-bsif.gc.ca Web site: www.osfi-bsif.gc.ca © His Majesty the King in Right of … FCIA, FSA, PhD Chief Actuary List of tables Table 1 Best-estimate assumptions Table 2 Best-estimate assumptions for benefit recipient rates Table 3 …
OSFI Annual report 2023-2024
… our approach to supervision that builds capability and is best suited for the changes in the risk environment. Ben … strategies, communications and engagement plans, best practices, and processes. We developed an increasingly … a forum for financial regulators to exchange insights and best practices related to managing internal risks they face …
Chapter 5: 2024-25 Financial overview
… in the financial statements reflect management's best estimates and judgment, and gives due consideration to … rate. The impairment assessment must be based on the best estimates available in light of past events, current … an accrued benefit method which incorporates management’s best estimate of salary, retirement age and discount rate. …
Securities Lending
… of collateral taken for securities lending should reflect best practices in local markets. In Canada, the current …
Reporting on green procurement for 2022-2023 Departmental Results Report
… criteria to reduce the environmental impact and ensure best value in government procurement decisions. Corresponding …
Actuarial Report (30th) on the Canada Pension Plan
… FCIA, FSA, PhD Chief Actuary List of tables Table 1 - Best-Estimate Assumptions Table 2 - Population of Canada less … estimates included in this report, which are based on the best-estimate assumptions described in section 3. The results … materials from both seminars are available on OSFI’s Web site. Table 1 presents a summary of the most important …
2A Schedule for Asset Reporting by Counterparty
… of multi-sector classification should be categorized on a best efforts basis. Additionally, a small number of the … are to be allocated to the EB/ET categories on a best efforts basis. 4. COUNTERPARTY CONSOLIDATION …
Sound Mortgage Underwriting: Foundation for Stability - Remarks to the C.D. Howe Institute, Toronto, Ontario, January 24, 2020
… and uncertain housing market conditions. Guidelines work best when the intentions are clear. To make sure lenders … B-20 uses a benchmark rate to set this floor. We chose the best available rate at the time, which is the five-year …
Technical Advisory Committee for the Review of Defined Contribution Plans - Terms of Reference
… FSRA and OSFI and freely expressing points of views; using best efforts to, where possible, develop consensus; and; …