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Inside Internal Controls

News and discussion on implementing risk management

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Insurance Companies Act

COVID-19 impact: OSFI capital and regulatory reporting update

In light of the operational and financial impact of COVID-19 on federally regulated financial institutions (FRFIs), the Office of the Superintendent of Financial Institutions (OSFI) announced new measures on April 9, 2020 relating to capital adequacy requirements and reporting requirements.


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Boards of Directors Modernization Act, Bill S-217

On June 19, 2014, Bill S-217 – An Act to modernize the composition of the boards of directors of certain corporations, financial institutions and parent Crown corporations, and in particular to ensure the balanced representation of women and men on those boards – received second reading in the House of Commons and was referred to the Standing Senate Committee on Banking, Trade and Commerce.


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