Let There Be More Light: Enhancing Public Accountability for Prudential Supervision

Let There Be More Light: Enhancing Public Accountability for Prudential Supervision

Let There Be More Light: Enhancing Public Accountability for Prudential Supervision

Little is known about how Canadian prudential supervision is conducted in practice because it has traditionally operated behind a veil of secrecy. While the federal Office of the Superintendent of Financial Institutions (OSFI) and its provincial counterparts have published the frameworks within which they conduct prudential supervision, in practice there is scope for supervisors to exercise…

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