OSFI E-23 Compliance
End-to-end model risk management aligned with the Office of the Superintendent of Financial Institutions' most critical AI governance guideline.
What OSFI E-23 Requires
OSFI Guideline E-23 establishes the regulatory expectations for model risk management at federally regulated financial institutions in Canada. It mandates that banks, credit unions, and lenders maintain complete visibility into their AI and model inventory, conduct ongoing risk assessments, and implement governance frameworks at the board level.
The guideline covers the full model lifecycle — from development and validation to deployment, monitoring, and retirement. Institutions must demonstrate not just compliance, but defensible governance practices that hold up under regulatory examination.
How Saillent Helps
Our five-tier governance framework maps directly to OSFI E-23's core requirements:
Who This Applies To
OSFI E-23 applies to all federally regulated financial institutions — Schedule I and II banks, trust companies, loan companies, and cooperative credit associations. Provincial regulators increasingly reference OSFI guidelines.
