The regulator that troubleshoots first, asks questions later

Canada’s bank watchdog aims to intervene early to tackle burgeoning risks, even at the expense of “perfect” regulatory decisions, explains risk chief

Credit: Risk.net montage

A regulator’s job is to examine the risk appetite of banks. So why shouldn’t the regulator also set its own risk appetite?

It’s a question that Canada’s Office of the Superintendent of Financial Institutions has answered. On May 11, it published its new risk appetite statement.

The document “puts a corporate-wide or organisation-wide hat on the way we manage risk and allocate resources”, explains Angie Radiskovic, assistant superintendent and chief strategy and risk officer at Osfi.

Some

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here