Capital Adequacy Requirements 2018

Following the release of a draft version in August 2017, OSFI is issuing the final version of its Capital Adequacy Requirements (CAR) guideline for 2018. The revised guideline 1) clarifies treatment of allowances in anticipation of the adoption of IFRS 9 by deposit-taking institutions in 2018 and 2) clarifies a number of items throughout the guideline in response to enquiries received from stakeholders. Final amendments to the guideline with respect to the Total Loss Absorbing Capacity (TLAC) regime will be issued at a later date.