“Strong senior leader accountability helps institutions stay resilient, manage risk and maintain public trust. Weak suitability and accountability can pose serious non‑financial risks,” the regulator said. “As risks become more unpredictable, senior leaders are a critical line of defence in ensuring that financial institutions remain sound and resilient,” it said. “The goal is to ensure the regime is practical, effective, and aligned with industry realities and international practices,” it said. Through this release, OSFI aims to improve prudential clarity without over-burdening institutions or compromising the resilience of Canada’s financial system,” said Peter Routledge, Superintendent of Financial Institutions, in a release.