The Fierce Urgency of Now: The Canadian Financial Sector in a Post-Pandemic World, a Prudential Perspective

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Sep 29, 2021

On September 29, 2021, in his first public speech as Superintendent, Peter Routledge delivered a keynote address at the GRI Summit 2021 to a virtual crowd. The Superintendent discussed climate change, digitalization and the complicated risk environment for OSFI, institutions and Canadians. He signaled how OSFI plans to transform itself to meet these rapidly changing risks.

Climate change and digitalization represent the known unknowns in OSFI’s risk environment. So how will OSFI respond to the opportunities and changes presented by this risk environment?

There are two basic ways an institution leader can answer this question:

  1. OSFI will adapt incrementally to the challenges and opportunities in their risk environment, or
  2. their risk environment demands that they transform their approach and organization to meet the extraordinary opportunities and challenges before them

Review the speech on the OSFI's website.

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