A departmental plan describes a department’s priorities, plans and associated costs for the upcoming three fiscal years. Vision, mission, raison d’etre and operating context Read the full departmental plan Key priorities Deliver upon our expanded mandate by aligning our supervisory and regulatory frameworks to help ensure federally regulated financial institutions (FRFIs) address risks to their
Publication type Strategic plan Please read a message from Superintendent Routledge to learn more about the plan. At OSFI, we support the stability and safety of the financial system by focusing on sound risk management. We strive to excel in our core responsibilities of regulating and supervising the financial sector. We focus on building and
Today, the Office of the Superintendent of Financial Institutions (OSFI) released updates to Guideline B-15: Climate Risk Management. The updates ensure that the expectations for federally regulated financial institutions (FRFIs) in the Guideline’s Annex 2-2 align with the International Sustainability Standards Board’s final IFRS S2 Climate-related Disclosures standard. This streamlines climate disclosures and promotes transparency
Information Publication type Regulatory notice Category Sound Business and Financial Practices Sector Banks, Foreign Bank Branches, Life Insurance and Fraternal Companies, Property and Casualty Companies, Trust and Loan Companies Table of contents 1. Purpose and scope This Regulatory Notice applies to all federally regulated financial institutions and is effective immediately. It responds to the heightened
The first Memorandum of Reciprocal Agreement was signed between representatives of the provinces in 1968 and set out rules for how multi-jurisdictional pension plans in Canada were to be regulated between provincial pension regulators. Similar federal-provincial bilateral agreements were also signed between the federal government and provinces other than Quebec and Newfoundland and Labrador since
