ESG / Sustainability in Canada

Why this matters

This is a fireside chat speech by OSFI's Superintendent addressing multiple regulatory priorities: earthquake systemic risk and pre-planned resolution frameworks; rebalancing of risk appetite toward growth and competition; capital requirements adjustments; recognition of catastrophe bonds as risk transfer tools; AI...

Why this matters

This regulatory update from OSFI discusses climate risk management and reporting requirements for financial institutions, particularly banks and insurers. It provides insights into OSFI's priorities and approach to supervising climate-related financial risks.