OSFI E-21 IS HERE. THE QUESTIONS CANADIAN BANKS AND CREDIT UNIONS ARE STILL ASKING

The OSFI E-21 deadline has passed, and Canadian banks and credit unions are now inside the supervisory window. The gap between having a business continuity plan and proving it works is the one OSFI will assess against. This piece covers the questions institutions are still asking, what operational resilience requires under regulatory scrutiny, and how to prepare for the September 2027 scenario testing deadline that comes next.