Superintendent Peter Routledge participates in RBC Canadian Bank CEO Conference

"On January 8, 2025, Superintendent Peter Routledge participated in the RBC Canadian Bank CEO Conference. The discussion centered on various topics including mortgages in Canada, domestic stability buffer, Basel III reforms, anti-money laundering regulations, cyber risk, and foreign interference." The discussion covered several key areas: * Mortgages in Canada: Delinquencies are lower than expected despite increased interest rates and an uncertain housing market. * Domestic Stability Buffer: OSFI considers systemic vulnerabilities when setting the DSB and can lower it if vulnerabilities decline sufficiently. * Basel III reforms: OSFI is committed to implementing the 2017 Basel III reforms, but acknowledges uncertainties among peer signatories. * Anti-money laundering regulations: OSFI focuses on ensuring institutions' governance, compliance, and cultural frameworks are robust enough to prevent and respond to AML risks. * Cyber risk: OSFI monitors cyber risk through supervisory assessments, intelligence gathering, and close collaboration with domestic and international partners. * Foreign interference: OSFI has strengthened its focus on this issue to address its growing implications for the Canadian financial sector.