The Office of the Superintendent of Financial Institutions (OSFI) announced that it will maintain the Domestic Stability Buffer (DSB) at 3.5 per cent. “While the risks and vulnerabilities remain, Canada’s systemically important banks have entered this period of uncertainty from a position of strength thanks to the strong capital buffers they have fortified in recent years. We … Read more
The Office of the Chief Actuary (OCA) launched the peer review process for its next (32nd) Actuarial Report on the Canada Penson Plan (CPP). This important report provides a better understanding of the financial state of the CPP for all Canadians and is expected to be released in December 2025. As part of this process, … Read more
As part of its Spring 2025 Quarterly Release Day, the Office of the Superintendent of Financial Institutions (OSFI) launched three consultations and made adjustments to a key guideline for life insurers. OSFI is consulting on the following: the draft Liquidity Adequacy Requirements (LAR) Guideline; the Internal Liquidity Adequacy Assessment Process (ILAAP) discussion paper; and the draft Minimum Capital Test … Read more
The Office of the Superintendent of Financial Institutions successfully hosted the second International Financial Regulators Chief Risk Officer Roundtable in Toronto, Ont., on March 4-5. Superintendent of Financial Institutions Peter Routledge said “Effective risk management requires continuous collaboration. This roundtable provided a valuable opportunity to strengthen global partnerships and share insights that will help enhance the stability and … Read more
The Office of the Superintendent of Financial Institutions (OSFI) announced that it will maintain the Domestic Stability Buffer (DSB) at 3.5 per cent. This level was first announced in June 2023 and has been in effect since November 1, 2023. The decision to hold the DSB at its current level reflects OSFI’s assessment that vulnerabilities and risks facing … Read more
The Office of the Superintendent of Financial Institutions held its fall Quarterly Release and announced measures that will streamline and strengthen its regulatory and supervisory oversight. The full release is available online. Contact Media-Medias@osfi-bsif.gc.ca.
OSFI released its fall update to the 2024-2025 Annual Risk Outlook. This semi-annual update provides an overview of risks OSFI has identified as the most pressing facing Canada’s financial system. The update also informs Canadians how these risks will be addressed. The full release is available online. Contact Media-Medias@osfi-bsif.gc.ca.
The Office of the Superintendent of Financial Institutions (OSFI) released the final version of the Standardized Climate Scenario Exercise (SCSE). The Standardized Climate Scenario Exercise is a tool for measuring the potential exposure of financial institutions to climate risk. It will foster better understanding of how climate-related risks may impact financial institutions, their counterparties, and the … Read more
The Office of the Superintendent of Financial Institutions (OSFI) launched its inaugural pilot of quarterly release of guidance. Adopting quarterly releases aims to ensure predictability by issuing guidance on four set dates throughout the year. OSFI is also piloting its first virtual industry day on September 5, 2024, providing stakeholders with additional information on and the chance to … Read more
The Office of the Superintendent of Financial Institutions announced a one-year delay to the increase of the capital floor level (or “output floor”). Canada concluded its implementation of Basel III 2017 reforms in early 2024 and established a three-year phase-in of the capital floor consistent with the timetable set by the Basel Committee on Banking … Read more
