Basic Information

Reference Number

cb-382-12849895

Issuing Organization

Office of the Superintendent of Financial Institutions (OSFI)

Solicitation Type

RFP - Request for Proposal (Formal)

Solicitation Number

20250392

Title

Model Validation Services

Source ID

PWGSC

Agreement Types

Canada-Chile Free Trade Agreement (CCFTA)

Canada-Colombia Free Trade Agreement

Canada-European Union Comprehensive Economic and Trade Agreement(CETA)

Canada-Honduras Free Trade Agreement

Canada-Korea Free Trade Agreement

Canada-Panama Free Trade Agreement

Canada-Peru Free Trade Agreement (CPFTA)

Canadian Free Trade Agreement (CFTA)

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

North American Free Trade Agreement (NAFTA)

World Trade Organization Agreement on Government Procurement (WTO-AGP)

Canada-Ukraine Free Trade Agreement (CUFTA)

Canada-UK Trade Continuity Agreement (Canada-UK TCA)

Details

Location

Toronto

Dates

Publication

2025/07/09 12:00:00 AM EDT

Closing Date

2025/08/22 02:00:00 PM EDT

Contact Information

Aleksandra Green

(613) 293-5842

Contracting-Approvisionnement@osfi-bsif.gc.ca

Description

The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial system. OSFI supervises and regulates federally registered banks and insurers, trust and loan companies, as well as private pension plans subject to federal oversight.

The Risk Quantification Division (RQD) is engaged in developing quantitative tools to independently assess Federally Regulated Financial Institution’s (FRFI) reporting, execute a variety of stress scenarios, and perform sensitivity analysis on this data. This ultimately informs regulatory policy and capital adequacy requirements.

RQD is looking for an independent 3rd party to validate a model/tool used in assessing these macro scenario impacts.

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