OFSI issues guidelines for Culture Risk Management and seeks for input by May 31, 2022

OFSI | Mar 15, 2022 The Office of the Superintendent of Financial Institutions (OSFI) examines the culture practices of federally regulated financial institutions (FRFIs) and how the risks created, perpetuated, or magnified by a FRFI’s culture can affect their safety and soundness.  OSFI plans to issue a principles-based, outcomes-focused culture risk management guideline for consultation

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