OSFI updates Guideline B-15 on climate risk management to align with new CSSB standards

By Bill Gilliland and Heather Bonnell ( April 7, 2025, 1:52 PM EDT) -- On Feb. 20, 2025, the Office of the Superintendent of Financial Institutions (OSFI) announced updates to Guideline B-15 on climate risk management, including the postponement of certain climate-related disclosure obligations for federally regulated financial institutions (FRFIs). This insight summarizes and provides context on the key updates to Guideline B-15....