Office of the Superintendent of Financial Institutions
OSFI's CAR guideline provides a framework for assessing the capital adequacy of banks, bank holding companies, federally regulated trust and loan companies and cooperative retail associations.
The CAR guideline is updated periodically to ensure that capital requirements continue to reflect underlying risks and developments in the financial industry.
OSFI's objective is to ensure that the guideline remains comprehensive and that the requirements reflect the underlying risk. Specifically, the proposed revisions will:
OSFI issued the revised CAR guideline for public consultation in July 2018. A summary of material comments received from industry stakeholders and an explanation of how they have been addressed has been provided along with the final Guideline.
It is recommended that the CAR guideline be updated to ensure capital requirements continue to reflect underlying risk and to provide clarification on OSFI's expectations around the aforementioned requirements.
The final version of the Guideline will be effective November 1, 2018/January 1, 2019Footnote 1.
For institutions with a fiscal year ending October 31 or December 31, respectively
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