The Office of the Superintendent of Financial Institutions (OSFI) has launched its Streamlined Approvals Framework for targeted new entrants. As Canada’s financial landscape evolves, OSFI is adapting its approvals approach for entry into the federal financial system. It gives eligible new entrants, including entities with innovative or emerging banking models and credit unions, a quicker, … Read more
The Office of the Superintendent of Financial Institutions (OSFI), together with the Canadian Public Accountability Board (CPAB) and the Canadian Securities Administrators (CSA) co-hosted a roundtable that brought together senior representatives from audit firms, accounting professional bodies, standard setters, and regulators. Topics discussed this year included: Current and emerging risks and their implications for audit … Read more
The Office of the Superintendent of Financial Institutions (OSFI) released its 2026-2027 Annual Risk Outlook (ARO). It identifies the top risks facing Canada’s financial institutions and the supervisory and regulatory actions OSFI is taking in response. This year, our ARO highlights the following key risks: Real estate secured lending (RESL) risk Non-bank financial institution (NBFI) risk Liquidity … Read more
The Basel Committee announced that Ben Gully, Deputy Superintendent, Supervision Sector, at the Office of the Superintendent of Financial Institutions (OSFI), will become the Secretary General of the Basel Committee on Banking Supervision (BCBS) in August 2026. This appointment is for an initial term of three years. The full release is available online. Contact Media-Medias@osfi-bsif.gc.ca.
The Office of the Superintendent of Financial Institutions (OSFI) had its first Quarterly Release of 2026. As part of this release, OSFI has finalized new liquidity guidance and is launching consultations on credit risk management as well as accountability for boards and senior leaders. This Quarterly Release highlights how OSFI’s focused policy efforts and smart … Read more
The Office of the Superintendent of Financial Institutions (OSFI) announced that the Domestic Stability Buffer (DSB) will remain at 3.5 per cent of total risk-weighted assets. OSFI first announced this level in June 2023. Canada’s six largest banks continue to maintain resilient capital levels, with Common Equity Tier 1 (CET1) ratios well above the supervisory expectation of 11.5 per … Read more
The Office of the Chief Actuary (OCA) announced the three names of the panel members selected to review the 32nd Actuarial Report on the Canada Pension Plan (CPP). The Actuarial Report on the Canada Pension Plan provides useful information to Canadians on the financial state of the CPP. The tabling of the Actuarial Report on the CPP … Read more
The Office of the Superintendent of Financial Institutions (OSFI) published the following as part of its Quarterly Release: Consultation on draft Capital Adequacy Requirements (CAR) Guideline (2027) Final Minimum Capital Test (MCT) Guideline (2026) Rescinding or removing documents from the guidance library Supervisory Framework Renewal Post-Implementation Report Insights from the 2025 Climate Risk Returns and … Read more
OSFI released its fall update to the 2025-2026 Annual Risk Outlook (ARO). This semi-annual update outlines how risks to the Canadian economy have evolved since the spring ARO, and how OSFI is addressing these risks. “Over the last 15 years, OSFI has built enduring resilience into Canada’s financial system. These efforts have proven to be both … Read more
The Office of the Superintendent of Financial Institutions (OSFI) announced several updates to guidelines aimed at focusing OSFI’s response to risks, clarifying regulatory expectations, and improving the overall efficiency of its oversight. OSFI is also publishing a report on the Standardized Climate Scenario Exercise (SCSE) that will enhance the financial sector’s understanding of climate-related financial risks. Finally, … Read more
