Office of the Superintendent of Financial Institutions
From FXPedia
The Office of the Superintendant of Financial Institutions (OSFI) is a government agency tasked with overseeing the Canadian financial system. OSFI has jurisdiction to:
- Supervise institutions and pension plans to determine if they are financially sound and meet the minimum plan funding requirements.
- Advise institutions and pension plans in the event of material deficiencies and to enforce corrective measures as needed.
- Provide a regulatory framework that promotes the adoption of policies and procedures designed to control and manage risk.
- Monitor and evaluate system-wide issues that man negatively impact financial institutions.
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