Canadian Underwriter
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OSFI moves to replace its 12-year-old database system


August 12, 2010   by Canadian Underwriter


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The Office of the Superintendent of Financial Institutions (OSFI) is preparing to design a replacement for its 12-year-old Tri-Agency Database (TDS) system.
Launched in 1998, the TDS collects, validates, manages and maintains financial information filed by federally regulated deposit-taking institutions such as property and casualty insurers.
The TDS is hosted at the Bank of Canada and is jointly owned and operated by OSFI, the Canada Deposit Insurance Corporation (CDIC) and the Bank of Canada.
“The design of the new solution is expected to begin in early 2011 with design and development expected to take several years,” OSFI says. “During this time, the current process of data submission and communication will remain in place.
“The new solution is expected to offer more flexibility and provide additional functionality to its users.”


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