top of page
  • PWC

OSFI Identifies Risks

Updated: Sep 9, 2022

Cyber-attacks and digital innovation to housing-related considerations and climate change have been identified as among the risks facing Canada’s financial system, says the Office of the Superintendent of Financial Institutions (OSFI). Its ‘2022-2023 Annual Risk Outlook’ identifies the risks that OSFI considers most critical. Each risk is accompanied by the supervisory and regulatory actions that it is taking. In an uncertain and volatile economic environment, increasing transparency around the actions being taken to address developing risks leads to better risk management outcomes, especially when risks cross traditional boundaries within the financial sector, it says. OSFI says it approaches risk management in the financial sector in a deliberate, methodical, and transparent manner. The annual risk outlook series supports ‘A Blueprint for OSFI’s Transformation 2022-2025,’ which aims to transform OSFI to ensure it thrives in intensifying uncertainty so that public confidence in a sound financial system remains unwavering.

Recent Posts

See All

Hedge Funds Investment In Crypto Accelerates

Even with the tremendous volatility in the sector, there are many more traditional hedge funds investing in crypto and more specialist crypto funds being created as the digital asset class gains accep

Record Year Seen For Wealth Creation

Wealth management firms and financial advisors need strong knowledge of growth areas such as sustainable investing and crypto-related assets going forward despite the biggest growth in wealth in more

Broad Inflation At 31-Year High

COVID-19 caused high levels of inflation in 2021 and into 2022 as the pandemic shifted demand away from services and towards goods while also disrupting global supply chains, says Aon. Its ‘Inflationa


bottom of page