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Opinion: OSFI would do a good job even better with a board model

The superintendent of financial institutions has too many responsibilities. They need to be spread over a group rather than one person

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The Office of the Superintendent of Financial Institutions (OSFI), established in 1987, is the federal regulator that oversees the safety and soundness of our banks and insurers. It has helped build a prudential framework that is admired around the world. When the global financial system buckled in 2008, Canada’s stood, with no need of direct financial support for failed institutions.

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