Save the date for our fourth Quarterly Release of 2025

Technical advisory - Ottawa - November 6, 2025

We will provide an update on our planned regulatory releases and announcements during our Quarterly Release Day on November 20, 2025. The regulatory guidance supports top risks as identified by the Annual Risk Outlook.

A virtual Industry Day will be held two weeks later, on December 4, 2025, where stakeholders can ask questions and share comments on our plans and initiatives released this quarter.

This standardized approach makes OSFI’s work more predictable and transparent.

Quarterly Release Industry Day

We will discuss the following:

Consultation on the draft Capital Adequacy Requirements (CAR) Guideline (2027)
Final Minimum Capital Test (MCT) Guideline (2026)
Policy update/rescinding or removing documents from OSFI’s guidance library
Supervisory Framework Renewal Post-Implementation Report
Insights from the 2025 Climate Risk Returns and updated returns
Clarifying OSFI’s Information Sharing Authorities

Event and registration details

Date: Thursday, December 4, 2025
Time: 1:00 p.m. to 4:35 p.m. ET
Location: Virtual

The Zoom link will be the same for all sessions, giving you the option to choose which session(s) you attend.

After registering, you will receive an email from support@webcastcanada.ca. This a confirmation to save to your records. If you do not receive this email, please check your “junk” folder. All sessions will be available in both official languages through simultaneous interpretation.

Thursday, December 4, 2025, detailed agenda

1:00 p.m – 1:05 p.m.

Welcome and logistics

Molly Sweet,
Director,
Stakeholder Affairs

1:05 p.m. – 2:05 p.m.

Consultation on draft Capital Adequacy Requirements (CAR) Guideline (2027)

OSFI is launching a 90-day public consultation on proposed revisions to the Capital Adequacy Requirements (CAR) Guideline (2027). In this session, we will answer your questions about the proposed changes aimed at better reflecting emerging risks and challenges faced by financial institutions.

Mark Joshua,
Director,
Capital and Liquidity Standards

2:05 p.m. – 2:30 p.m.

Final Minimum Capital Test (MCT) Guideline (2026)

During this session, we will provide an overview of the final Minimum Capital Test (MCT) Guideline (2026) and answer questions about the changes made to reduce compliance burden by simplifying and clarifying requirements. The final Guideline reflects comments from a 90-day public consultation that ended in August 2025.

Régis Dahany,
Managing Director,
Insurance Capital and Liquidity Standards

2:30 p.m. – 3:00 p.m.

Policy Update/Rescinding guidance or removing documents from the guidance library

The session will provide policy updates, including progress on OSFI’s policy modernization by further rescinding or removing documents from the guidance library.

Theresa Hinz,
Executive Director,
Policy and Risk Response

Vlasios Melessanakis,
Managing Director,
Policy Development and Standards Division

Moish Kutnowski,
Policy Analyst,
Policy Development and Standards Division

3:00 p.m. – 3:10 p.m.

Break

3:10 p.m. – 3:40 p.m.

Insights from the 2025 Climate Risk Returns

In 2024, OSFI and its partners published Climate Risk Returns to collect climate-related financial data from financial institutions.

This session will discuss the report that looks at what the returns were meant to achieve, insights from the initial submissions, and future amendments.

Stephane Tardif,
Managing Director,
Catastrophic Risk Division

Javinder Sidhu,
Director,
Data and Analytics Insights,
Catastrophic Risk Division

3:40 p.m. – 4:10 p.m.

Supervisory Framework Renewal (SFR) Post-Implementation Report

In this session, we will share findings from the first review of the Supervisory Framework since its launch in April 2024. We’ll explain what we heard from stakeholders and outline key refinements we will be implementing. This session is an opportunity to ask questions on how these changes will strengthen supervisory effectiveness.

Valérie Bournival,
Senior Director,
Supervision Institute

Katie Brown,
Managing Director,
Supervision Methods, Standards, and Controls

4:10 p.m. – 4:30 p.m.

Clarifying OSFI’s Information Sharing Authorities

This session will aim to clarify what the proposed legislative amendments would enable OSFI to do, how they affect financial institutions, and explain the benefits to Canada’s financial system if the Budget 2025 amendments on information sharing authorities become law.

Jordana Heaton,
Managing Director,
National Security and Anti-Money Laundering Policy,
Integrity, National Security and Integrated Solutions

4:30 p.m. – 4:35 p.m.

Closing remarks