the Office of the Superintendent of Financial Institutions (OSFI) announced that the Domestic Stability Buffer (DSB) will remain at 1 per cent of total risk-weighted assets, unchanged from the level set on March 13, 2020 as part of OSFI’s response to COVID-19. This decision reflects OSFI’s assessment that the current DSB level remains effective in supporting the resilience … Read more
The Office of the Superintendent of Financial Institutions announced further regulatory adjustments to support the financial and operational resilience of federally regulated banks and insurance companies. The measures focus primarily on capital adequacy requirements for these institutions as well as changes in their reporting requirements. The full release is available online. Call 343-550-9373.
The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments on a consultative document related to the capital and liquidity requirements applicable to small and medium-sized deposit-taking institutions. In this document, OSFI proposes changes to the capital and liquidity requirements for these institutions and summarizes stakeholder feedback on a July 2019 discussion paper: Advancing Proportionality: … Read more
OSFI’s 2018-2019 Annual Report is now available. This highly visual report clearly communicates our vision for today and tomorrow: preserving confidence, ever vigilant, always improving. This annual report highlights our achievements over the past year and key initiatives that will shape our future as an organization. The full report is available online. Contact Media-Medias@osfi-bsif.gc.ca.
The Office of the Superintendent of Financial Institutions (OSFI) set the Domestic Stability Buffer at 2.25 per cent of total risk-weighted assets, effective April 30, 2020. This reflects OSFI’s view that key vulnerabilities to Canada’s Domestic Systemically Important Banks remain elevated, and in some cases show signs of increasing. The key vulnerabilities include Canadian household indebtedness, asset imbalances and institutional … Read more
The Canadian Public Accountability Board and the Office of the Superintendent of Financial Institutions recently co-hosted a roundtable on audit quality in Canada. CPAB’s Chief Executive Officer Carol Paradine and OSFI’s Superintendent Jeremy Rudin chaired the meeting. The forum provided an opportunity for more than forty of Canada’s public accounting and regulatory leaders to discuss ways to support continued … Read more
While broadly supportive of the goals of the Insurance Capital Standard (ICS), the Office of the Superintendent of Financial Institutions (OSFI) did not support the ICS design proposed for a five-year monitoring period at the Executive Committee Meeting of the International Association of Insurance Supervisors in Abu Dhabi, United Arab Emirates. The proposed capital requirements for … Read more
The Office of the Superintendent of Financial Institutions Canada published its Annual Report for 2017-2018. The Report is a key component of OSFI’s accountability framework and provides a summary of both performance against annual priorities and achievements related to ongoing responsibilities. The full report is available online.
The Office of the Superintendent of Financial Institutions Canada published its Annual Report for 2015-2016. The Report is a key component of OSFI’s accountability framework and provides a summary of both performance against annual priorities and achievements related to ongoing responsibilities. The report is available online.
The Office of the Superintendent of Financial Institutions Canada published its Annual Report for 2014-2015. The Report is a key component of OSFI’s accountability framework and provides a summary of both performance against annual priorities and achievements related to ongoing responsibilities. The full report is available online.
