Supervisory Framework Overview
The Supervisory Framework guides our oversight of federally regulated financial institutions and private pension plans. Our primary goal is to protect depositors, policyholders, financial institution creditors, and pension plan beneficiaries. In doing so we contribute to public confidence in the Canadian financial system.
Supervision is judgment-based. We use the framework to support our:
- assessments of risks
- responses to the risks that we identify
The framework applies to financial institutions and pension plans. It is differentiated where necessary to reflect the specific characteristics of deposit-taking institutions, insurance companies, and pension plans.
Aligned with international principles
We’ve adopted the following methodologies and we apply them in the context of our mandate:
- the Basel Committee on Banking Supervision’s Core Principles for Effective Banking Supervision
- the International Association of Insurance Supervisors’ Insurance Core Principles and Methodology (PDF, 4.02 MB)
- The International Organisation of Pension Supervisors’ Principles of Private Pension Supervision (PDF, 280 KB)