Yazhi Zheng

Sep 13, 2023 | mondaq.com | Darcy Ammerman |Yazhi Zheng

On September 6, 2023, the Office of the Superintendent of Financial Institutions ("OSFI") issued a letter to industry describing the steps OSFI intends to take to implement new provisions that expand its mandate to the supervision of emerging non-financial risks. The legislative updates were alluded to in OSFI's Risk Appetite Statement published earlier this year.