The Superintendent of Financial Institutions, Julie Dickson, today announced the appointment of Bob Hanna as Assistant Superintendent, Regulation Sector, within the Office of the Superintendent of Financial Institutions (OSFI).

Hanna has been acting in the role since last October when he replaced Dickson, who had been appointed Acting Superintendent at that time. Dickson was appointed Superintendent last month.

OSFI’s Regulation Sector is responsible for enhancing the financial system’s safety and soundness by evaluating system-wide risks, and promoting sound business and financial practices.

In his new role, Hanna is responsible for capital and accounting issues; actuarial policies and reviews; regulatory approvals and compliance, including anti-money laundering; guidelines, regulations and interpretations; and international assistance and liaison.

Hanna joined OSFI’s predecessor, the Inspector General of Banks, in 1984 as a research officer and has held a number of positions with increasing responsibilities, primarily in the policy and research areas.

He has served as the co-chair of the Minimum Continuing Capital and Surplus Requirements (MCCSR) Advisory Committee, an industry-supervisory group that is investigating more risk-sensitive capital measures for life insurance companies.

Hanna represents OSFI as a member of the Auditing and Assurance Standards Oversight Council. He has also represented OSFI on a number of international groups, including the Basel Committee Capital Task Force that oversaw the development of the Basel Capital Framework, commonly referred to as Basel II. In 2006, he was appointed the OSFI representative on the Basel Committee on Banking Supervision and is also a member of the Policy Development Group of that Committee.

Hanna holds a Bachelor of Business Administration from Ottawa University.

In addition to Dickson and Hanna, the other members of OSFI’s executive team are Ted Price, Assistant Superintendent, Supervision Sector, and Donna Pasteris, Assistant Superintendent, Corporate Services Sector.