OSFI signals plan to streamline bank licensing for fintechs and credit unions
Office of the Superintendent of Financial Institutions (OSFI) issued regulatory policy shift on October 1, 2025.
- Primary
- Office of the Superintendent of Financial Institutions (OSFI)
- Structure
- regulatory policy shift
- Date
- October 1, 2025
- Sub-sector
- Payments
OSFI head commits to revamping risk appetite and reducing barriers to bank licensing within one year to increase competition in Canada's concentrated banking sector.
Source: theglobeandmail.com