WebIn addition, OSFI formally establishes risk-based capital minimums for deposit-taking institutions. ... Page 21 of 35 The following summarizes the Stressed VaR position of the Bank’s trading portfolios as at December ... Operational risk is the risk of loss resulting from inadequate or failed internal processes, systems or WebNov 26, 2024 · On November 9, 2024, Canada’s Office of the Superintendent of Financial Institutions (“OSFI”) launched a public consultation on the newly released draft version of …
OSFI comments on the regulation of Technology Risk and Cyber ...
WebNov 29, 2024 · On November 9, 2024, the Office of the Superintendent of Financial Institutions Canada (OSFI) published Draft Guideline B-13: Technology and Cyber Risk Management ("Draft Guideline"), which outlines OSFI's expectations for federally regulated financial institutions (FRFIs) regarding technology and cyber risk management. The … OSFI is issuing the Operational Risk Management Guideline (Guideline E-21), which applies to all Federally Regulated Financial Institutions (FRFIs). As part of … See more OSFI recognises that FRFIs may have different operational risk management practices depending on their: size; ownership structure; … See more Guideline E-21 is intended to provide consolidated guidance for operational risk management, across all FRFIs. Elaboration of OSFI expectations, in a principle-based manner, and emerging sound practices, … See more OSFI posted a draft version of the guideline for public consultation in August 2015. OSFI reviewed all submissions and, as a result, has … See more griffis meaning
Guideline Impact Analysis Statement - osfi-bsif.gc.ca
WebProven risk management executive with 25 years experience in risk management, internal audit and as an OSFI supervisor. I bring expert … WebNov 23, 2024 · A process for identifying and analyzing technology services and key dependencies required to operate within the FRFI's risk tolerance; Procedures and capabilities to recover technology services to an acceptable level, within an acceptable timeframe, during disruption; WebJun 18, 2024 · June 18, 2024. Regulatory Capital. OSFI published two documents to consult on the management of operational risk capital data for institutions required, or for those applying, to use the Basel III standardized approach for operational risk capital in Canada. The documents set out data maintenance expectations for institutions using the ... griffis motors