TLAC Disclosure Requirements Guideline

OSFI is issuing the final versions of its guidelines on Total Loss Absorbing Capacity (TLAC) Disclosure Requirements and Capital Disclosure Requirements (formerly the advisory entitled Public Capital Disclosure Requirements related to Basel III Pillar 3). Together, these guidelines are a key element of a TLAC regime designed to ensure Canada’s largest banks maintain a minimum capacity to absorb losses and enhance stability within the financial sector. D-SIBs should publicly disclose the TLAC information commencing with the quarterly reporting period ending January 31, 2019. The Capital Disclosure Requirements guideline, which applies to all federally regulated deposit-taking institutions, has been updated to remove transitional guidance that is no longer applicable.