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ARTICLE · 29 MARCH 2023

OSFI Issues 2023-24 Departmental Plan

McCarthy Tétrault
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The Office of the Superintendent of Financial Institutions ("OSFI") recently issued its 2023-24 Departmental Plan[1] ("Plan"), which sets out its planned initiatives for the coming year.

CanadaFinance and Banking
Lucie Tedesco
Lucie Tedesco
Ana Badour
Ana Badour
Hartley Lefton
Hartley Lefton
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The Office of the Superintendent of Financial Institutions ("OSFI") recently issued its 2023-24 Departmental Plan1 ("Plan"), which sets out its planned initiatives for the coming year. This marks the second Plan published under the leadership of Superintendent Routledge.

Strategic priorities

In his opening statement, the Superintendent confirms that next year's activities will continue to be guided by the six areas of priority2 set out in OSFI's 2022-25 Strategic Plan ("Strategic Plan"), Fostering Public Confidence, Thriving in Uncertainty and Transforming for Tomorrow, but goes on to mention the potential for re-prioritization should vulnerabilities in the Canadian financial system worsen.

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