A bank refuses to provide specific loan files requested by an OSFI examiner, citing client confidentiality. Which statement best describes the Superintendent's authority in this situation?

Question

Accepted Answer

Under Section 635, the Superintendent has the broad power to require the production of information or documents regarding the bank's business and affairs.

A bank refuses to provide specific loan files requested by an OSFI examiner, citing client confidentiality. Which statement best describes the Superintendent's authority in this situation?

Discussion