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Industry Research Initiative (IRI) - Data Collection Modernization (DCM)

Solicitation number OSFI DCM-2022

Publication date

Closing date and time 2022/06/20 14:00 EDT

Last amendment date


    The Tri-agencies [which includes the Office of the Superintendent of Financial Institutions (OSFI), the Bank of Canada (the Bank), and the Canada Deposit Insurance Corporation (CDIC)] is developing a business case for the Data Collection Modernization (DCM) initiative which is aimed at achieving greater data granularity, timeliness and trustworthiness, including setting data standards and data quality expectations, related to data collected from Federally Regulated Financial Institutions (FRFI) and Federally Regulated Private Pension Plans (FRPP). FRFIs include banks, trust companies, loan companies, life insurance companies, fraternal benefit societies and property & casualty insurance companies. OSFI is coordinating the business case for all agencies.

    The main objective of this Industry Research Initiative (IRI) is to notify Industry (including Software solution providers, Industry Researchers and other Government of Canada Departments and Agencies) of the Tri-agencies’ intentions with respect to the DCM initiative and encourage dialogue with the various participants in order to solicit and obtain feedback related to the proposed initiative which will help the Tri-agency partners to further develop the business case and secure necessary funding. Refer to the Questions to Industry contained in SECTION III of this document.

    As indicated in the IRI document, The Tri-agency partners may, at their discretion, conduct follow-up activities with any IRI respondent. If the Tri-agencies elect to request a one-on-one product demonstration with any respondent, it is estimated that such demos will be conducted between July 25 and August 5, 2022. 

    Contract duration

    Refer to the description above for full details.

    Trade agreements

    • No trade agreements are applicable to this solicitation process

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    Contact information

    Contracting organization

    Office of the Superintendent of Financial Institutions
    255 Albert Street
    Ottawa, Ontario, K1A0H2
    Contracting authority
    Craig Kenny

    Buying organization(s)

    Office of the Superintendent of Financial Institutions
    255 Albert Street
    Ottawa, Ontario, K1A0H2
    Bidding details

    Full details regarding this tender opportunity are available in the documents below. Click on the document name to download the file. Contact the contracting officer if you have any questions regarding these documents.

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    Summary information

    Notice type
    Request for Information
    English, French
    Region(s) of delivery
    Ontario (except NCR)
    Region of opportunity
    Procurement method
    Competitive – Open Bidding
    Commodity - GSIN
    Click the links below to see a list of notices associated with the GSIN codes.

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