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Brief
On June 25, 2025, the Office of the Superintendent of Financial Institutions (OSFI) issued an update regarding Deputy Superintendent Radiskovic's opening remarks at Canadian Credit Union Association Regulatory Forum. OSFI emphasized its role in maintaining a secure and viable financial sector in Canada, promoting safety and soundness of federally regulated institutions while allowing them to compete and take reasonable risks, highlighting the importance of credit unions' cooperative model and unique challenges they face.
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