Brief

On March 7, 2025, the Office of the Superintendent of Financial Institutions (OSFI) released Guideline B-15 on Climate Risk Management, establishing expectations for federally regulated financial institutions (FRFIs) to address climate-related physical and transition risks. The guideline outlines governance, risk management, scenario analysis, capital adequacy, and disclosure expectations to build long-term financial resilience.

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Canadian Securities Administrators

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