Annual Report on Travel, Hospitality and Conference Expenditures
Office of the Superintendent of Financial Institutions Canada 2018 - 2019
As required by the Treasury Board Directive on Travel, Hospitality, Conference and Event Expenditures, this report provides information on travel, hospitality and conference expenditures for Office of the Superintendent of Financial Institutions Canada for the fiscal year ended March 31, 2019.
Travel, hospitality and conference expenditures incurred by a federal department or agency relate to activities that support the department or agency’s mandate and the government’s priorities.
Mandate:
OSFI's travel, hospitality and conference expenditures support the delivery of the following core programs and services to Canadians: The advancement of a regulatory framework designed to control and manage risk; The supervision of federally regulated financial institutions and pension plans to determine whether they are in sound financial condition and meeting regulatory and supervisory requirements. This includes promptly advising financial institutions and pension plans if there are material deficiencies, and taking corrective measures or requiring that they be taken to expeditiously address the situation; The monitoring and evaluation of system-wide or sectorial developments that may have a negative impact on the financial condition of federally regulated financially institutions.
Office of the Superintendent of Financial Institutions Canada Travel, Hospitality and Conference Expenditures for Year ending March 31, 2019
Expenditure category |
Expenditures for year ended March 31, 2019 ($ thousands) |
Expenditures for year ended March 31, 2018 ($ thousands) |
Variance ($ thousands) |
|---|---|---|---|
| Travel | |||
Operational activities |
$1,981.00 |
$2,309.00 |
-$328.00 |
Key stakeholders |
$439.00 |
$112.00 |
$327.00 |
Internal governance |
$159.00 |
$121.00 |
$38.00 |
Training |
$687.00 |
$427.00 |
$260.00 |
Other |
$44.00 |
$29.00 |
$15.00 |
| A. Total travel | $3,310.00 |
$2,998.00 |
$312.00 |
| B. Hospitality | $198.00 |
$186.00 |
$12.00 |
| C. Conference fees | $4.00 |
-$2.00 |
$6.00 |
| Total [A+B+C] | $3,512.00 |
$3,182.00 |
$330.00 |
| International travel by minister and minister's staff (included in travel) | $0.00 |
$0.00 |
$0.00 |