OSFI News (Canada Banking Regulator)

OSFI Reintroduces Non-Bank Financial Institution Risk in Annual Risk Outlook

OSFI released its 2026-2027 Annual Risk Outlook identifying top risks facing Canadian financial institutions including real estate secured lending risk, non-bank financial institution risk, and liquidity and funding risk. The outlook notes increased housing and mortgage pressures in some regions and expanded risks outside the traditional banking system where non-bank lenders and investment funds are taking on more borrowing. Global uncertainty may affect funding market confidence. OSFI continues calibrating regulatory capital requirements with risk weights subject to adjustment over time.

Canadian Economy and Cyber Risk Assessment Fireside Chat

OSFI Superintendent Peter Routledge delivered remarks at Bank of America's Expert Insights Series on March 30, 2026, discussing the resilience of Canada's financial system amid geopolitical uncertainty. He highlighted cyber threats and integrity risks as key concerns, noting that Canada's banking sector has remained stable despite global volatility. The speech also addressed proposed capital adequacy framework recalibrations and growing non-bank financial intermediary (NBFI) lending.

OSFI Superintendent Discusses Bank Capital, AI, Fintech, and Housing Risks

OSFI Superintendent Peter Routledge discussed the recalibration of bank capital frameworks, emphasizing a shift from broad tightening to disciplined fine-tuning. He highlighted the resilience of Canadian banks and OSFI's modernization efforts, including removing outdated guidance and focusing supervisory attention on key areas. The discussion also touched upon AI, fintech, and housing risks.

OSFI Superintendent to Participate in Bank of America Fireside Chat

OSFI Superintendent Peter Routledge will participate in a virtual fireside chat at the Bank of America Expert Insights Series on March 30, 2026. Media are invited to attend the live webcast, with registration details provided.

Ben Gully Appointed Basel Committee Secretary General

The Basel Committee on Banking Supervision announced that Ben Gully, Deputy Superintendent at OSFI, will become its Secretary General in August 2026 for an initial three-year term. This appointment highlights OSFI's role in international financial regulation.

OSFI Superintendent Discusses Mortgage Regulation and Financial System Resilience

OSFI Superintendent Peter Routledge discussed the future of mortgage regulation, including the retention of stress tests and LTI limits, and OSFI's ongoing regulatory modernization efforts. The speech highlighted OSFI's commitment to adapting its framework based on feedback from regulated institutions.

OSFI Speech: Credit Risk, Accountability, and Liquidity Updates

The Office of the Superintendent of Financial Institutions (OSFI) announced a six-month consultation on credit risk management and a nine-month consultation on senior leader accountability. Additionally, the final Liquidity Adequacy Requirements Guideline for 2026 was released, effective May 1, 2026.

OSFI Quarterly Release: Guidance and Risk Management Updates

The Office of the Superintendent of Financial Institutions (OSFI) has released its first quarterly update of 2026, finalizing new liquidity guidance and launching consultations on credit risk management and board accountability. The release also confirms the continuation of loan-to-income limits for uninsured mortgages.

OSFI Finalizes Liquidity Adequacy Requirements Guideline

The Office of the Superintendent of Financial Institutions (OSFI) has published the final Liquidity Adequacy Requirements (LAR) Guideline for 2026. This guideline, effective May 1, 2026, clarifies definitions and treatments for deposits and structured notes to enhance the financial resilience of federally regulated deposit-taking institutions.

OSFI Discusses Canadian Banking Risks and Regulations

Superintendent Peter Routledge of OSFI discussed key risks facing Canadian financial institutions, including credit, liquidity, and governance. OSFI has launched consultations on credit risk management guidance and senior leader accountability, and issued final liquidity adequacy requirements.

OSFI Superintendent Discusses Climate Risk at CatIQ Conference

OSFI Superintendent Peter Routledge discussed the findings of the first Climate Risk Returns from 10 large Canadian institutions at the 2026 CatIQ conference. The returns provide detailed insights into physical and transition climate risks across various asset classes and sectors, highlighting areas of vulnerability and the need for improved data discipline.