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Blake, Cassels & Graydon LLP

Le BSIF publie un projet de ligne directrice sur la gestion du risque de modélisation lié à l’IA

Le Bureau du surintendant des institutions financières (le « BSIF ») a publié récemment une version révisée de la ligne directrice E-23 - Gestion du risque de modélisation (le « projet de ligne directrice ») énonçant les...more

Blake, Cassels & Graydon LLP

Modernizing Financial Risk Management: OSFI's Draft Guideline on AI Model Risk Management

The Office of the Superintendent of Financial Institutions (OSFI) recently released an updated draft of Guideline E-23 Model Risk Management (Draft Guideline) setting expectations related to enterprise-wide artificial...more

Stikeman Elliott LLP

OSFI’s Draft Security and Integrity Guideline: What’s Expected of FRFIs and When?

Stikeman Elliott LLP on

On October 13, 2023, OSFI released its draft Integrity and Security Guideline (“Guideline”). The Guideline, which would layer new and expanded expectations over existing applicable guidance, would apply to all Federally...more

Blake, Cassels & Graydon LLP

Nouvelle ligne directrice B-10 du BSIF sur la gestion du risque lié aux tiers

Le 24 avril 2023, le Bureau du surintendant des institutions financières (le « BSIF »), soit l’organisme de réglementation des institutions financières fédérales au Canada, a publié la nouvelle Ligne directrice sur la gestion...more

Blake, Cassels & Graydon LLP

OSFI’s New Guideline B-10: Third-Party Risk Management

On April 24, 2023, the Office of the Superintendent of Financial Institutions (OSFI), Canada’s federal financial institutions regulator, released its much-anticipated new Guideline B-10: Third-Party Risk Management...more

Blake, Cassels & Graydon LLP

Nouvelle ébauche de la Ligne directrice B-10 du BSIF sur la gestion du risque lié aux tiers

Le 27 avril 2022, le Bureau du surintendant des institutions financières (le « BSIF »), l’organisme de réglementation des institutions financières fédérales au Canada, a publié la nouvelle ébauche très attendue de la Ligne...more

Blake, Cassels & Graydon LLP

OSFI’s New Draft Guideline B-10: Third-Party Risk Management

On April 27, 2022, the Office of the Superintendent of Financial Institutions (OSFI), Canada’s federal financial institutions regulator, released its much-anticipated new Draft Guideline B-10: Third-Party Risk Management...more

Blake, Cassels & Graydon LLP

Consultation : Nouvelle ligne directrice B-13 du BSIF sur la gestion du risque lié aux technologies et du cyberrisque

Le 9 novembre 2021, le Bureau du surintendant des institutions financières (« BSIF ») a lancé une consultation publique de trois mois sur le nouveau projet de ligne directrice B-13, Gestion du risque lié aux technologies et...more

Blake, Cassels & Graydon LLP

Consultation on New OSFI Guideline B-13 on Technology and Cyber Risk Management

On November 9, 2021, the Office of the Superintendent of Financial Institutions (OSFI) launched a three-month public consultation on a new Draft Guideline B‑13: Technology and Cyber Risk Management (Draft Guideline). The...more

Blake, Cassels & Graydon LLP

Le BSIF lève les restrictions émises sur les distributions dans le contexte de la pandémie de COVID-19

Le 4 novembre 2021, le Bureau du surintendant des institutions financières (« BSIF ») a déclaré qu’il ne s’attendait plus à ce que les institutions financières fédérales (« IFF ») suspendent temporairement l’augmentation des...more

Blake, Cassels & Graydon LLP

OSFI Lifts COVID-19 Restrictions on Capital Distributions

On November 4, 2021, the Office of the Superintendent of Financial Institutions (OSFI) announced an end to its expectation that federally regulated financial institutions (FRFIs) will not increase capital distributions to...more

Blake, Cassels & Graydon LLP

Examen annuel de la législation sur les institutions financières fédérales

L’année 2020 a été dominée par un seul événement mondial : la pandémie de COVID-19. La législation et les lignes directrices en matière de réglementation qui s’appliquent aux institutions financières fédérales (les « IFF »)...more

Blake, Cassels & Graydon LLP

Annual Review of Federal Financial Institution Legislation - February 2021

2020 was dominated by a single global event: the COVID-19 pandemic. Regulatory guidance and legislation affecting federally regulated financial institutions (FRFIs) in Canada were no exception. Governments and regulators...more

Blake, Cassels & Graydon LLP

Risques liés à la technologie et résilience dans le secteur financier : le BSIF publie son document de travail sur les risques...

SURVOL - L’innovation et la transformation technologiques et numériques se poursuivent à un rythme accéléré. Bien qu’elles soient essentielles à l’évolution et au succès continus dans plusieurs secteurs d’activités, la...more

Blake, Cassels & Graydon LLP

BSIF et COVID-19 : mise à jour des directives relatives à la restriction sur l’augmentation des dividendes

Le 11 juin 2020, le Bureau du surintendant des institutions financières (le « BSIF ») a mis à jour sa FAQ relative à la COVID-19 afin d’aborder la restriction sur l’augmentation des dividendes applicable aux institutions de...more

Blake, Cassels & Graydon LLP

OSFI Updates Its COVID-19 Guidance on Dividend Increase Restriction

On June 11, 2020, the Office of the Superintendent of Financial Institutions (OSFI) updated its COVID-19 FAQs to address the dividend increase restriction applicable to federally regulated deposit-taking institutions and...more

Bennett Jones LLP

Technology and Cybersecurity Incident Reporting: New Guidance from OSFI

Bennett Jones LLP on

The Office of the Superintendent of Financial Institutions (OSFI) just published an advisory letter for federally regulated financial institutions (FRFI). The advisory sets out OSFI's expectations for FRFI cybersecurity...more

Blake, Cassels & Graydon LLP

Annual Review of Federal Financial Institution Legislation

In 2018, financial institutions in Canada witnessed yet another year of significant expansion in legislation and regulatory guidance impacting their operations....more

Blake, Cassels & Graydon LLP

OSFI Releases Advisory on Technology and Cybersecurity Incident Reporting Obligations

On January 24, 2019, the Office of the Superintendent of Financial Institutions (OSFI) published the Technology and Cybersecurity Incident Reporting Advisory (Advisory) applicable to all federally regulated financial...more

Blake, Cassels & Graydon LLP

Financial Sector Legislative Reform Continues

On March 27, 2018, the federal government introduced Bill C-74, Budget Implementation Act, 2018, No. 1 (Bill), which includes proposed legislative changes that will be of interest to Canada’s financial sector. ...more

Blake, Cassels & Graydon LLP

OSFI Looks to Further Tighten Mortgage Underwriting Standards, Issues Revised Guideline B-20 for Comment

On July 6, 2017, the Office of the Superintendent of Financial Institutions (OSFI) issued a revised version of Guideline B-20 – Residential Mortgage Underwriting Practices and Procedures (Draft Guideline) for comment. This...more

Blake, Cassels & Graydon LLP

Year in Review: Legislation and Guidance for Financial Institutions in 2016

The regulation of federally regulated financial institutions (FRFIs) continued intensifying in 2016 with a new wave of legislative and regulatory initiatives impacting mortgage lending, the bank resolution regime, the life...more

Blake, Cassels & Graydon LLP

Thinking at the Margin: Canadian Provincial Regulators Issue Margin Proposals for Non-Cleared Derivatives

A parallel set of margin requirements is being proposed by the Canadian Securities Administrators’ (CSA) Derivatives Committee (Consultation Paper 95-401 – Margin and Collateral Requirements for Non-Centrally Cleared...more

Blake, Cassels & Graydon LLP

Margin Requirements for Non-Centrally Cleared Derivatives Issued in Canada

The Office of the Superintendent of Financial Institutions (OSFI), Canada’s federal regulator of financial institutions, recently issued Guideline E-22 – Margin Requirements for Non-Centrally Cleared Derivatives? (Guideline)....more

Blake, Cassels & Graydon LLP

New Federal Rules for the Residential Mortgage Market

On December 11, 2015, the Canadian Department of Finance, the Office of the Superintendent of Financial Institutions (OSFI) and the Canada Mortgage Housing Corporation (CMHC) announced forthcoming changes to existing federal...more

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