Financial Services & Restructuring Communiqué

A pen sits over top a budget sheet

August 30, 2022

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Overview: OSFI’s draft guideline B-15 on climate risk management

P. Jason Kroft, Ghazal Hamedani

On May 26, 2022, following consultation with key industry stakeholders, the Office of the Superintendent of Financial Institutions (“OSFI”) issued draft Guideline B-15: Climate Risk Management (the “Draft Guideline”).[1] The Draft Guideline represents OSFI’s response to the risks posed by...


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