Which agency monitors and assesses financial institutions to ensure the companies have adequate risk management and corporate governance programs in place?

Question

Quizplus · Accepted Answer

The Office of the Superintendent of Financial Institutions (OSFI) is the agency responsible for monitoring and assessing financial institutions in Canada to ensure they have adequate risk management and corporate governance programs in place. OSFI is an independent agency of the Government of Canada and regulates and supervises federally regulated financial institutions such as banks, insurance companies, and pension plans.

Which Agency Monitors and Assesses Financial Institutions to Ensure the Companies