Remarks by OSFI Superintendent Mr. Jeremy Rudin to the 2021 RBC Capital Markets Canadian Bank CEO Conference
Jan 11, 2021
On January 11, 2021, Superintendent Jeremy Rudin of the Office of the Superintendent of Financial Institutions (OSFI) spoke at this conference and made his remarks entitled “Passion, Persistence and Effective Regulation and Supervision”.
As part of his remarks, Mr. Rubin stated that Canada’s banking regulator will not yet consider lifting restrictions on banks’ dividends and share buybacks introduced at the start of the pandemic, even though the largest lenders continue to amass growing stockpiles of surplus capital. As parts of the country move into deeper phases of lockdown, he said he is waiting to see “a clear path to a durable recovery” and less “economic uncertainty” before considering any changes.
See a complete copy of Mr. Rubin’s remarks at the conference on the OSFI's website.