Office of the Superintendent of Financial Institutions
OSFI shares its assessment of an institution's overall risk profile or "Composite Risk Rating" ("CRR") with the institution. The determination of the CRR and underlying ratings are guided by Assessment Criteria, which were developed when the Framework was first introduced in 1999 with input from supervised industries through their associations. These criteria are in the process of being updated to reflect the enhancements made to the Supervisory Framework in 2010 and other developments. For example, new Actuarial Assessment Criteria were introduced in April, 2014, and the Financial Assessment Criteria were updated in September, 2015. New Liquidity Assessment Criteria will be available soon. These criteria are not required standards, but are used to guide supervisory assessments in individual cases.