OTTAWA,
ON, May 22, 2024 /CNW/ - Today, the Office of
the Superintendent of Financial Institutions (OSFI) released its
Annual Risk Outlook (ARO) for 2024-2025. This publication outlines
what OSFI sees as the most significant risks facing Canada's financial system in the upcoming
year. The Annual Risk Outlook also informs Canadians how OSFI will
manage and respond to these risks.
OSFI's Annual Risk Outlook for 2024-25 identifies the following
key risks:
- Real estate secured lending and mortgage risks
- Wholesale credit risks
- Funding and liquidity risks
- Integrity, security, and foreign interference
This list is not exhaustive but identifies the risks that OSFI
considers most critical. OSFI will continue to be transparent about
the supervisory and regulatory actions it takes in response to
these and other risks. We encourage institutions and pension plans
to review it thoroughly as it sets out our priorities for the
2024-2025 fiscal year.
Quote
"Our third Annual Risk Outlook highlights the significant risks
facing Canada's financial system
and informs Canadians about our regulatory and supervisory
responses to these risks. This year, we are taking a more focused
approach, highlighting four significant risks."
- Peter Routledge, Superintendent of Financial
Institutions
Quick fact
- The Annual Risk Outlook is published once a year in the spring.
If risks in the financial system evolve significantly, an update to
it may be published in the fall.
Related links
- OSFI Annual Risk Outlook for 2024-2025
SOURCE Office of the Superintendent of Financial
Institutions