The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada reporting to the Minister of Finance created "to contribute to public confidence in the Canadian financial system". It is the sole regulator of banks, and the primary regulator of insurance companies, trust companies, loan companies and pension plans in Canada.
The current head of the Office is Julie Dickson, as of July 4, 2007. She replaced Nicholas Le Pan who resigned in July 2006. The term of the appointment is scheduled to be seven years.
Read more about Office Of The Superintendent Of Financial Institutions: Mandate, Related Legislation, History, Sources
Famous quotes containing the words office of the, office, financial and/or institutions:
“The office of the scholar is to cheer, to raise, and to guide men by showing them facts amidst appearances. He plies the slow, unhonored, and unpaid task of observation.... He is the world’s eye.”
—Ralph Waldo Emerson (1803–1882)
“If suffering brought wisdom, the dentist’s office would be full of luminous ideas.”
—Mason Cooley (b. 1927)
“What people don’t realize is that intimacy has its conventions as well as ordinary social intercourse. There are three cardinal rules—don’t take somebody else’s boyfriend unless you’ve been specifically invited to do so, don’t take a drink without being asked, and keep a scrupulous accounting in financial matters.”
—W.H. (Wystan Hugh)
“This, our respectable daily life, on which the man of common sense, the Englishman of the world, stands so squarely, and on which our institutions are founded, is in fact the veriest illusion, and will vanish like the baseless fabric of a vision; but that faint glimmer of reality which sometimes illuminates the darkness of daylight for all men, reveals something more solid and enduring than adamant, which is in fact the cornerstone of the world.”
—Henry David Thoreau (1817–1862)