Office of the Superintendent of Financial Institutions
OSFI has released a
consultative document on its initiative to advance proportionality in the capital and liquidity regime for small and medium-sized deposit-taking institutions, collectively referred to as SMSBs. The consultative document includes an overview of feedback received in response to OSFI’s July 2019 discussion paper titled:
Advancing Proportionality: Tailoring Capital and Liquidity Requirements for Small and Medium-Sized Deposit-Taking Institutions and outlines changes which are proposed to the framework. The document also includes a series of questions on which OSFI is seeking feedback from stakeholders.
Comments on the consultative document are requested by March 6, 2020.