The Globe and Mail reports in its Wednesday edition that Canada's banking watchdog Jeremy Rudin made his first major speech on Tuesday since becoming the Superintendent of Financial Institutions earlier this year. The Globe's Tim Kiladze writes that Mr. Rudin addressed a Bay Street audience on Tuesday, acknowledging that he has no plans to rock the boat -- at least not yet. He said, "As I am only three months into the job and have 81 months left to go, I have not tried to make these remarks comprehensive." Mr. Rudin added later that the next time he speaks, his comments will likely concern the insurance industry. Mr. Rudin did not show any major breaks from his predecessor, Julie Dickson. He said the biggest difference between himself and Ms. Dickson "will be the circumstances during which we are superintendents," suggesting the operating environment is the only thing that will change. The Office of the Superintendent of Financial Institutions will continue to target too much risk-taking as one of the biggest threats to the financial system. The OSFI expects banks to lead the charge. Mr. Rudin stressed the OSFI is not an enemy of banks, which is what Bay Street wants to hear.