Office of the Superintendent of Financial Institutions
Today, we are advising entities we regulate and supervise of our next steps to implement
new provisions of our mandate that relate to integrity or security.
We work to create a regulatory and supervisory system that addresses not only financial risks, but also new and emerging non-financial risks. While, in the past, these efforts have touched on matters relating to integrity and security, in June 2023, Parliament provided greater precision. More specifically, it broadened our mandate to include:
These modifications to our mandate will help us further advance our objective of maintaining public confidence in the Canadian financial system.
To further advance this work, we will:
As this is initial guidance, OSFI will continue its supervisory scrutiny in this area and will revise the guideline accordingly in the future.