On October 13, 2023, the Office of the Superintendent of Financial Institutions (OSFI) released its draft Integrity and Security Guideline, which sets expectations for the integrity and security of federally regulated financial institutions. Earlier in June 2023, the federal financial institutions legislation was amended to require financial institutions to implement policies and procedures for protecting against threats to integrity and security and to expand OSFI’s mandate to oversee compliance with these new requirements.

The panel will explore key practical considerations for financial institutions preparing to implement the new OSFI expectations on integrity and security requirements, including on how they will impact regulatory compliance management programs, employee screening, updates to existing policies, procedures and codes of conduct, as well as foreign interference risk management tools.