Office of the Superintendent of Financial Institutions
OSFI is issuing the final version of Guideline B-5: Asset Securitization, which sets out OSFI’s general expectations for asset securitization transactions undertaken by federally regulated insurance companies. Changes reflect events that have affected securitizations since 2004, including the financial crisis and changes to the Basel Framework. The guideline also incorporates relevant content from the OSFI’s 2008 advisory Securitization – Expected Practices. OSFI plans to repeal the advisory as of January 1, 2019 when the revised guideline becomes effective.