Office of the Superintendent of Financial Institutions (OSFI)

The Office of the Superintendent of Financial Institutions (OSFI) is Canada’s federal agency responsible for overseeing banks, insurance companies, and other financial institutions to ensure they operate safely and soundly. OSFI sets regulatory standards, monitors their financial health, and intervenes if necessary to prevent financial problems that could affect the economy or consumers. Its goal is to maintain confidence in Canada’s financial system by promoting stability, protecting depositors, and ensuring institutions follow prudent practices.