How many people does OSFI employ?
OSFI employs some 400 full-time staff for its regulatory functions. About 58 per cent of these people are involved in front-line supervisory activities, 22 per cent are involved in supervisory support functions and 20 per cent fulfill corporate services functions. In addition, 25 people manage OSFI's responsibilities relating to government pensions.
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Is OSFI part of the Government?
OSFI is an independent agency of the Government of Canada. It reports to the Minister of Finance.
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How is the Superintendent of Financial Institutions selected?
The Superintendent of Financial Institutions is appointed by the federal Cabinet for a seven-year term.
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