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2012-13
Report on Plans and Priorities



Office of the Superintendent of Financial Institutions





Supplementary Information (Tables)





Table of Contents




Greening Government Operations (GGO)

Note:

  • RPP refers to Reports on Plans and Priorities and represents planned / expected results for 2012-2013.
  • DPR refers to Departmental Performance Reports and represents actual results.

Green Procurement Targets


8.10 OSFI has established 3 SMART (specific, measurable, achievable, relevant and time-bound) green procurement targets to reduce environmental impacts.
Target – As of April 1, 2012, the Office of the Superintendent of Financial Institutions (OSFI) will utilize green consolidated procurement instruments for at least 90% of its requirements for printers.
Performance Measure RPP DPR
Target Status  
Number of printers procured from green consolidated procurement instruments relative to total number of printers procured. 100% (2010-2011)
Planned progress against measure in 2012-2013. At least 90%  

Strategies / Comments

"SMART" breakdown:

  1. Specific: Achievement level targeted at 90%.
  2. Measurable: Information available from Public Works and Government Services Canada (PWGSC) Standing Offer Index and from OSFI contracting records.
  3. Achievable: Printers as required are available on PWGSC green consolidated procurement instruments.
  4. Relevant: Printers on green consolidated procurement instruments have been evaluated by PWGSC and determined to meet criteria required to be green.
  5. Time-bound: Dates established for target implementation and completion.


Target – As of April 1, 2012, OSFI will meet its procurement needs for paper from green recycled sources, as offered through PWGSC procurement instruments for at least 90% of its requirements.
Performance Measure RPP DPR
Target Status  
Quantity of paper procured from green consolidated procurement instruments relative to total quantity of paper procured. 100% (2010-2011)
Planned progress against measure in 2012-2013. At least 90%  

Strategies / Comments

"SMART" breakdown:

  1. Specific: Achievement level targeted at 90%.
  2. Measurable: Information available from contracting and finance records.
  3. Achievable: Paper as required is available on PWGSC green consolidated procurement instruments.
  4. Relevant: Paper on green consolidated procurement instruments has been evaluated by PWGSC and determined to meet criteria required to be considered green.
  5. Time-bound: Date established for target implementation.


Target – As of April 1, 2012, OSFI will reuse or recycle 90% of all surplus electronic and electrical equipment (EEE) in an environmentally sound and secure manner.
Performance Measure RPP DPR
Target Status  
Existence of implementation plan for the disposal of all departmentally-generated EEE. Yes (2010-2011)
Total number of agency locations with EEE implementation plan fully implemented, expressed as a percentage of all locations, by the end of the given fiscal year. 100% (2010-2011)
Planned progress against measure in 2012-2013. At least 90%  

Strategies / Comments

"SMART" breakdown:

  1. Specific: Achievement level targeted at 90%.
  2. Measurable: Information available from our Crown assets file and our administrative records.
  3. Achievable: PWGSC vehicles are in place for e-waste disposal. Computer for School, Crown Assets, "Do what you can" provincial program are other options which make this target achievable.
  4. Relevant: Targets all electronic and electrical equipment.
  5. Time-bound: Dates established for target implementation and completion.


8.11 OSFI has established 3 SMART (specific, measurable, achievable, relevant and time-bound) targets for training, employee performance evaluations, and management processes and controls, as they pertain to procurement decision-making.
Target – Training for select employees.
As of April 1, 2012, 80% of Procurement and Materiel Management employees will receive green procurement training through Canada School of Public Service (CSPS) course C215 or equivalent.
Performance Measure RPP DPR
Target Status  
Number of procurement and materiel management employees with green procurement training relative to total number of procurement and materiel management employees. 50% (2010-2011)
Planned progress against measure in 2012-2013. At least 80%  

Strategies / Comments

"SMART" breakdown:

  1. Specific: Achievement level targeted at 80%.
  2. Measurable: Information available from CSPS and in-house.
  3. Achievable: All existing and new procurement and materiel management employees to take green procurement training.
  4. Relevant: Targets all relevant employees.
  5. Time-bound: Date established for target implementation and completion.


Target – Employee performance evaluations for managers and functional heads of procurement and materiel management.
As of April 1, 2012, environmental considerations will be included in the performance evaluations of 50% of managers and functional heads of procurement and materiel management.
Performance Measure RPP DPR
Target Status  
Environmental considerations are included in the performance evaluations of managers and functional heads of procurement and materiel management. N/A
Planned progress against measure in 2012-2013. 50%  

Strategies / Comments

"SMART" breakdown:

  1. Specific: Achievement level targeted at 50%.
  2. Measurable: Information available from performance agreements and evaluations.
  3. Achievable: Performance evaluations of manager's position to include environmental considerations.
  4. Relevant: Targets employees responsible for procurement activities.
  5. Time-bound: Date established for target implementation and completion.


Target – Management processes and controls.
This initiative is largely an increased awareness for procurement personnel and employees with decision-making responsibilities, of options in procurement which include green procurement benefits. Currently, our systems do not allow for tracking this aspect of procurement. We will explore changes required and their feasibility for tracking this information.
Performance Measure RPP DPR
Target Status N/A
No performance measure established N/A
Planned progress against measure in 2012-2013. N/A  

Strategies / Comments

OSFI's procurement needs are largely met by government-wide commodity management processes and vehicles established by PWGSC. Environmental benefits achieved are the same as those identified by PWGSC in the establishment of these processes and vehicles.




Sources of Respendable and Non-Respendable Revenue

A. Respendable Revenue


Program Activity ($ millions)
Forecast
Revenue
2011-12		 Planned
Revenue
2012-13		 Planned
Revenue
2013-14		 Planned
Revenue
2014-15
Regulation and Supervision of Federally Regulated Financial Institutions
Base Assessments 57.8 62.2 64.6 67.4
User Fees and Charges 4.3 3.5 3.4 3.4
Cost-Recovered Services 0.3 0.2 0.1 0.1
Subtotal 62.4 65.9 68.1 70.9
Regulation and Supervision of Federally Regulated Private Pension Plans

Pension Plan Fees

 5.6 4.5 4.6 4.2
Regulation and Supervision of Federally Regulated Private Pension Plans
Cost-Recovered Services 3.3 3.7 4.0 4.2
User Fees and Charges 0.1 0.0 0.0 0.0
Subtotal 3.4 3.7 4.0 70.9
Internal Services
Base Assessments 48.3 46.5 46.3 47.8
Cost-Recovered Services 3.1 3.3 3.4 3.1
Pension Plan Fees 1.1 2.9 2.9 2.8
Subtotal 52.5 52.7 52.6 53.7
Total Respendable Revenue 123.9 126.8 129.3 133.6

B. Non-Respendable Revenue


Program Activity ($ millions)
Forecast
Revenue
2011-12		 Planned
Revenue
2012-13		 Planned
Revenue
2013-14		 Planned
Revenue
2014-15
Regulation and Supervision of Federally Regulated Financial Institutions
Filing Penalties 0.2 0.2 0.2 0.2
Total Non-respendable Revenue 0.2 0.2 0.2 0.2
Total Respendable and Non-respendable Revenue 124.1 127.0 129.5 133.8

Tables A and B identify the sources of respendable and non-respendable revenue, presented on the modified cash basis. OSFI is funded mainly through assessments on the financial institutions and private pension plans that it regulates and supervises and through a user-pay program for selected services, which are billed on the accrual basis of accounting1.

The user fees and charges for the Regulation and Supervision of Federally Regulated Financial Institutions program activity include fees for certain legislative approvals and approvals for supervisory purposes pursuant to the Charges for Services Provided by the Office of the Superintendent of Financial Institutions Regulations 2002, and surcharges assessed to financial institutions assigned a "stage" rating pursuant to the Guide to Intervention for Federal Financial Institutions. Surcharges are charged in accordance with the Assessment of Financial Institutions Regulations, 2001.

Footnotes

1 OSFI's financial statements are prepared using International Financial Reporting Standards (IFRS), are audited annually by the Office of the Auditor General and are published in OSFI's annual report. OSFI's annual reports can be accessed on OSFI's web site under About OSFI/Reports/Annual Reports.



Summary of Capital Spending by Program Activity


Program Activity ($ millions)
Forecast
Spending
2011-2012		 Planned
Spending
2012-2013		 Planned
Spending
2013-2014		 Planned
Spending
2014-2015
Internal Services 6.4 4.7  4.9 4.9
Regulation and Supervision of Federally Regulated Private Pension Plans 1.4 0.1  0.0 0.0
Actuarial Valuation and Advisory Services 0.0 0.0  0.1 0.1
Total 7.8 4.8  5.0 5.0

Total capital spending in 2012-2013 is $3.0 million lower than forecast spending in 2011-2012. OSFI's Toronto and Ottawa offices are being retrofitted in 2011-2012 to accommodate additional staff that joined OSFI in 2010-2011 and 2011-2012, which accounts for most of the decreased capital spending in the Internal Services program activity. As well, a new Risk Assessment System for Pension will be implemented by the end of 2011-2012, resulting in a decrease in spending of $1.3 million in Regulation and Supervision of Federally Regulated Private Pension Plans program activity. This system will optimize the efficiency and effectiveness of Private Pension Plan supervision and reduce operational risk.



Upcoming Internal Audits and Evaluations over the next three fiscal years

A. All upcoming Internal Audits over the next three fiscal years


1. Name of Internal Audit 2. Internal Audit Type 3. Status 4. Expected Completion Date
Superintendent's Office: Risk Management Risk Management Completed  
Supervision Sector: Life Insurance Group - Conglomerates Risk Assessment & Intervention In Progress April 2012
Supervision Sector: Deposit Taking Institutions – Conglomerates Risk Assessment & Intervention 2011-2012 Planned November 2012
Corporate Services: Finance Travel & Hospitality In Progress February 2012
Corporate Services: Human Resources Training & Development 2011-2012 Planned November 2012
Corporate Services: Information Management / Information Technology Governance 2011-2012 Planned November 2012
Superintendent's Office: Internal Audit Quality Assurance 2012-2013 Planned Q4 2012/13
Supervision Sector: Property & Casualty Group Risk Assessment and Intervention 2012-2013 Planned Q4 2012/13
Supervision Sector: Supervision Support Group, Capital Markets Division Risk Assessment and Intervention 2012-2013 Planned Q4 2012/13
Regulation Sector: Capital Division Rule-Making and Approvals 2012-2013 Planned Q4 2012/13
Regulation Sector: Private Pension Plans Division Risk Assessment and Intervention (Supervision) 2014-2015 Planned Q4 2014/15
Corporate Services: Finance Governance 2013-2014 Planned Q4 2013/14
Corporate Services: Security Services Unit Governance 2012-2013 Planned Q4 2012/13
Supervision Sector: Deposit-Taking Group – Non-Conglomerates Risk Assessment & Intervention 2013-2014 Planned Q4 2013/14
Supervision Sector: Life-Insurance Group – Non-Conglomerates Risk Assessment & Intervention 2013-2014 Planned Q4 2013/14
Supervision Sector: Deposit-Taking Group – Risk Measurement Analytics and Assessment Risk Assessment & Intervention 2013-2014 Planned Q4 2013/14
Supervision Sector: Supervision Support Group – Practices Supervisory Support 2013-2014 Planned Q4 2013/14
Regulation Sector: Actuarial Division Risk Assessment & Intervention 2013-2014 Planned Q4 2013/14
Corporate Services Sector: Communications and Public Affairs Division Governance 2014-2015 Q4 2014/15
Corporate Services Sector: FRFI Data Management Information Management 2014-2015 Q4 2014/15
Supervision Sector: Supervision Support Group – Anti-Money Laundering & Compliance Supervisory Support 2014-2015 Q4 2014/15
Supervision Sector: Supervision Support Group – Operational Risk and Capital Assessment Services Supervisory Support 2014-2015 Q4 2014/15
Supervision Sector: Supervision Support Group – Risk Surveillance and Analytics Supervisory Support 2014-2015 Q4 2014/15
Office of the Chief Actuary – IT Models and Data Management Information Management 2014-2015 Q4 2014/15

The Audit Committee approves OSFI's Annual Audit Plan two years ahead. The most recent Audit Plan and Audit Reports are available on OSFI's website:
(http://www.osfi-bsif.gc.ca/osfi/index_e.aspx?DetailID=894)