Adapting Prudential Policy for the New Normal
Effective prudential regulation and supervision promotes stability and protects depositors, policyholders and pension plan beneficiaries. Setting rules and supervising their effectiveness are key elements to enhancing stability. The C.D. Howe Institute invites you to join us on Monday, September 28 to hear Ben Gully, Assistant Superintendent, Regulation Sector speak about OSFI’s actions prior to the pandemic, its responses during the pandemic and its approach in the future. In particular, he will provide some insight into prudential policy setting, some of the challenges going forward and how the current risk environment informs the way in which OSFI prioritizes its work.
C.D. Howe Institute events and webinars are open to members and their guests.
Ben Gully, Assistant Superintendent, Regulation Sector, Office of the Superintendent of Financial Institutions
Ben Gully was appointed Assistant Superintendent of OSFI’s Regulation Sector, effective September 30, 2019.
In this executive role, Mr. Gully is responsible for OSFI’s policy-related functions, including capital, accounting, legislation and approvals. Internationally, he represents OSFI on the Basel Committee on Banking Supervision.
Mr. Gully moves into Regulation from his prior executive role as Assistant Superintendent, Risk Support Sector, where he oversaw the assessment of credit, market, and liquidity risks; non-financial risks, including people and technology risks; and risk surveillance and risk analytics since 2017.
Before his Executive appointment in 2017, Mr. Gully was Chief Risk Officer at the Australian Prudential Regulation Authority (APRA) where he was responsible for enterprise strategy and risk, performance and quality assurance.
Prior to that, Mr. Gully spent 14 years at OSFI where he held senior roles with increasing responsibility, including as the head of large bank supervision. He played a lead role in developing OSFI’s supervisory practices in the areas of stress testing, risk management and risk analytics.
Before joining OSFI, he worked at the Bank of England in the area of financial stability.
Mr. Gully holds a Doctorate in economics and a Master of Arts degree (Honours) from the University of St. Andrews, and a Master of Science degree in economics from the University of Glasgow.