The Office of the Superintendent of Financial Institutions (OSFI; French: Bureau du surintendant des institutions financières, BSIF) is an independent agency of the Government of Canada reporting to the Minister of Finance created "to contribute to public confidence in the Canadian financial system".

The commission's report concluded the financial system was sound, but developments had moved beyond the current state of laws and regulatory practices.

The Commission called for a system that would provide for adequate disclosure and that would set high standards of self-regulation, backed by strong government supervision and powers to enforce proper practices.

In 1983, legislative amendments extended CDIC's mandate to include assisting to maintain public confidence and stability in the financial system.

This new legislation clarifies OSFI's prime responsibilities as helping to minimize losses to depositors, policy holders, and pension plan members and to maintain public confidence in the Canadian financial system.