OSFI

OSFI is agile and risk-based and has an early intervention mandate, which means it is always on alert, testing and fine-tuning its tools and industry guidance, enhancing its resources and knowledge, developing and revising plans, and applying lessons learned from past events... We are a principles-based regulator. We use our regulatory framework to guide the goals of safety and soundness. This allows federally regulated financial institutions to operate in a competitive marketplace... During a systemic event, OSFI focuses on capital and liquidity management; more intensive supervision, including rigorous monitoring and analysis; risk management and stress testing. OSFI also activates its intervention process for any institution at risk of failing.

Primary location: Ottawa Canada