The Office of the Superintendent of Financial Institutions announced that the Domestic Stability Buffer will remain at 3.5 per cent of total risk-weighted assets. This level was announced in June 2023 and has been in effect since November 1, 2023. The full release is available online. Call 343-550-9373.
The Office of the Superintendent of Financial Institutions (OSFI) launched a 90-day consultation on proposed changes to its Liquidity Adequacy Requirements Guideline. OSFI is seeking feedback on: proposed changes to intraday liquidity monitoring tools two new regulatory returns that federally regulated financial institutionsn will need to complete and submit to OSFI on a monthly basis; and … Read more
The Office of the Superintendent of Financial Institutions released its Annual Risk Outlook for 2024-2025. The report is available online. Call 343-550-9373.
The Office of the Superintendent of Financial Institutions announced the second phase of the Standardized Climate Scenario Exercise (SCSE) consultation. Comments on the second phase of SCSE consultation can be sent to ClimateScenario-ScenarioClimatique@osfi-bsif.gc.ca until June 7, 2024. The full release is available online. Call 343-550-9373.
The Office of the Superintendent of Financial Institutions (OSFI) held the first International Financial Regulators Chief Risk Officer Roundtable in Toronto on March 26-27, 2024. Superintendent of Financial Institutions Peter Routledge stated “OSFI recognizes the importance of continuous improvement in our risk management practices. Through initiatives like the International Financial Regulators Roundtable, we seek to enhance … Read more
The Office of the Superintendent of Financial Institutions released updates to Guideline B-15: Climate Risk Management. The updates ensure that the expectations for federally regulated financial institutions in the Guideline’s Annex 2-2 align with the International Sustainability Standards Board’s final IFRS S2 Climate-related Disclosures standard. This streamlines climate disclosures and promotes transparency of climate-related risks. The full release is available online. Call 343-550-9373.
The Office of the Superintendent of Financial Institutions (OSFI) released its new framework for supervision. The Framework will guide OSFI’s supervision of federally regulated financial institutions and private pension plans. Superintendent of Financial Institutions Peter Routledge stated “We are launching a new supervisory framework on April 1, 2024, to ensure a faster, more effective response to critical … Read more
The Office of the Superintendent of Financial Institutions (OSFI) is once again one of the National Capital Region’s top employers. This is the fourth consecutive year that OSFI has received this honour. The full release is available online. Call 343-550-9373.
The Office of the Superintendent of Financial Institutions released its final Integrity and Security Guideline. This final guideline reflects the feedback received through public consultation held from Oct. 13 to Nov. 24, 2023. OSFI is also publishing a summary of that feedback. Superintendent of Financial Institutions Peter Routledge said “Resilience and trust in the financial system depend upon … Read more
The Office of the Superintendent of Financial Institutions announced that the minimum qualifying rate for uninsured residential mortgages will remain the greater of 5.25 per cent or the mortgage contract rate plus 2 per cent. The full release is available online. Call 343-550-9373.
