OSFI’s Technology and Cyber Risk Management Guideline: Part 1
September 05, 2022
On July 13, 2022, the Office of the Superintendent of Financial Institutions (OSFI) released its final Guideline B-13 (the Guideline), setting out technology and cyber risk management expectations for all federally regulated financial institutions (FRFIs), such as banks, insurance and trust companies. FRFIs will need ensure that they have taken steps to comply with the requirements of the Guideline prior to it coming into effect on January 1, 2024.