Canada’s Office of Superintendent of Financial Institutions (OSFI) has identified four key goals in its 2019-2022 Strategic Plan, one of which is aimed at improving financial institutions’ resilience to non-financial risks (NFR). To achieve this, the regulator intends to continue in its development of regulatory and supervisory approaches to technology risk and to adopt new approaches to the mitigation of culture and conduct risk.1
In its Annual Report 2019-2020, OSFI reports on its first year of progress towards achieving these goals. Despite the coronavirus pandemic, OSFI Superintendent Jeremy Rudin writes that OSFI has made “progress on this plan, which was realized through the ongoing commitment, dedication and professionalism of our employees.”2
This content is available to paid Members of Starling Insights.
If you are a Member of Starling Insights, you can sign in below to access this item.
If you are not a member, please consider joining Starling Insights to support our work and get access to our entire platform. Enjoy hundreds of articles and related content from past editions of the Compendium, special video and print reports, as well as Starling's observations and comments on current issues in culture & conduct risk management.