OSFI regulates and supervises financial institutions and private pension plans subject to federal oversight, to help minimise undue losses to depositors and policyholders, and thereby contribute to public confidence in the Canadian financial system. It is an independent, self-financing agency that reports to parliament through the Minister of Finance. OSFI regulates and supervises all banks in Canada, and all federally incorporated or registered trust and loan companies, insurance companies, co-operative credit associations, fraternal benefit societies and private pension plans. OSFI's mandate does not include consumer-related issues or the securities industry.