OSB News – spring 2019 edition

OSB News 2018

A word from Elisabeth Lang, Superintendent of Bankruptcy

Elisabeth Lang

It is my pleasure to present you with the spring edition of OSB News, the Office of the Superintendent of Bankruptcy (OSB)’s official newsletter. In this edition, I am pleased to share the OSB’s 2019-20 Business Plan with you. As you will see, it builds upon our three strategic objectives - engagement, compliance and organizational excellence. You will see how these objectives led to the development of our priorities for the year. You will also find highlights of our ongoing and core business activities.

As I mentioned in the special edition of OSB News published last fall, engagement is an absolute priority for me and is essential to achieving results. In our 2019-20 Business Plan, you will read about how the OSB intends to engage with external stakeholders and experts on issues such as reducing administrative burden, assessing the debt advisory marketplace, and collaborating with the Canadian Association of Insolvency and Restructuring Professionals (CAIRP) to promote diversity and inclusiveness in the Licensed Insolvency Trustee (LIT) profession. You will also learn about the OSB’s efforts to strengthen our compliance framework, and to explore compliance modernization options. The plan also outlines the steps we will take to revitalize the organization’s operational training program to ensure employees have the necessary skills and information to support the OSB’s mandate. I would also like to highlight the fact that we are publishing our business plan on our website. This is a key step in engagement, in my view, as transparency directly supports meaningful engagement.

I look forward to meeting many of you at the upcoming CAIRP Insolvency and Restructuring Forums, starting in Montreal on April 29, 2019. I always appreciate having the opportunity to discuss the OSB’s work and get feedback on issues that are meaningful to LITs and players in the insolvency system. So, in addition to any comments you may wish to provide in person at the CAIRP Forums, please send any feedback you may have to OSB Communications.

I would like to thank you, as always, for your continued collaboration. I am happy to share the OSB’s plan and look forward to hearing from you on this year’s priorities and see how, together, we can achieve meaningful results for Canadians.

Elisabeth Lang
Superintendent of Bankruptcy