The Office of the Superintendent of Financial Institutions has published for consultation a draft guideline on operational risk management: see here (pdf). The guideline contains four principles, the second of which states that operational risk management supports the overall corporate governance structure of FRFIs (federally regulated financial institutions). Further accompanying materials are available here.
Monday, 31 August 2015
Canada: OSFI draft guideline - operational risk management
The Office of the Superintendent of Financial Institutions has published for consultation a draft guideline on operational risk management: see here (pdf). The guideline contains four principles, the second of which states that operational risk management supports the overall corporate governance structure of FRFIs (federally regulated financial institutions). Further accompanying materials are available here.
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