Jeremy Rudin to retire
The Superintendent of Financial Institutions, Jeremy Rudin, has informed the Minister of Finance that he will conclude his seven-year term as Superintendent on June 28, 2021 and will not be seeking a second term.
Rudin will retire from the public service at the end of his current mandate. "It has been a privilege to serve as the Superintendent of Financial Institutions and I look forward to completing my seven-year term. I am grateful for the cooperation I have received from my colleagues on the Financial Institutions Supervisory Committee. I am extremely proud of what OSFI has accomplished during my tenure and I thank all employees for their unwavering dedication. I know they will continue to exemplify the highest standards of professionalism in the years ahead," stated Rudin in a Dec. 18 announcement.
OSFI supervises more than 400 federally regulated financial institutions and 1,200 pension plans to determine whether they are in sound financial condition and meeting their prudential requirements.