What it means to be regulated
A key element to a strong and resilient financial industry is regulation. We watch for issues that may have a negative impact on financial institutions or Canadians. Then we intervene when needed.
How we regulate
We strive to balance the goal of a sound Canadian financial system with institutions’ needs to compete effectively. Our regulatory activities help financial institutions and pension plans provide consistent services to Canadians. These activities include:
- Developing rules and guidance
- Interpreting legislation and regulations
- Providing regulatory approvals for certain types of transactions
- Contributing to new accounting, auditing and actuarial standards
What we regulate
We’re responsible for regulating:
- all banks in Canada
- all federally incorporated or registered trust and loan companies
- insurance companies
- cooperative credit associations
- fraternal benefit societies
- private pension plans
Visit Who we regulate for a list of organizations we regulate.
What isn’t included in our regulation
Other federal and provincial agencies look after regulating:
- consumer or consumer-related issues
- the securities sector
We also don’t manage the operations of financial institutions or pension plans.