Canada's Office of the Superintendent of Financial Institutions (OSFI) published remarks from Deputy Superintendent Angie Radiskovic and Executive Director Theresa Hinz from a fireside chat at the American Bar Association’s Banking Law Committee Fall Meeting in Toronto, outlining how OSFI is sharpening its focus on the most pressing risks and modernizing policies to be more efficient. The speakers highlighted OSFI’s updated Supervisory Framework, its Administrative Monetary Penalty (AMP) framework, and the key risks identified in the 2025–26 Annual Risk Outlook. The updated Supervisory Framework is intended to enhance transparency and give OSFI greater flexibility to respond quickly as risks emerge. The AMP framework was presented as a proportionate, risk-based enforcement tool to promote compliance without immediately resorting to more severe measures, alongside a restatement of OSFI’s mandate to protect depositors, policyholders, creditors, and pension plan beneficiaries while enabling institutions to compete and innovate responsibly.
Office of the Superintendent of Financial Institutions 2025-09-18
Canada's Office of the Superintendent of Financial Institutions discusses updated Supervisory Framework, AMP enforcement and 2025–26 risk outlook
Canada's Office of the Superintendent of Financial Institutions (OSFI) highlighted its focus on pressing risks and policy modernization. Updates include an enhanced Supervisory Framework for transparency and flexibility, and a risk-based Administrative Monetary Penalty framework to encourage compliance. These initiatives align with OSFI's mandate to protect financial stakeholders while fostering competitive and innovative institutions.