OSFI

COVID-19 Updates

Read about the actions OSFI has taken in response to challenges posed by COVID-19.

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image text: COVID-19 updates

OSFI determines capital treatment of programs to support COVID-19 efforts

On March 30, OSFI issued direction on how federally regulated deposit taking institutions should treat new capital made available to small and medium sized enterprises through recently announced government programs.

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OSFI announces regulatory flexibility to support COVID-19 efforts

On March 27, OSFI announced a series of regulatory adjustments to support the financial and operational resilience of federally regulated banks, insurers and private pension plans. This includes adjusting a number of regulatory capital, liquidity and reporting requirements.

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About OSFI

The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial system. OSFI supervises and regulates federally registered banks and insurers, trust and loan companies, as well as private pension plans subject to federal oversight.

Superintendent

Jeremy Rudin