Save the date for our spring Quarterly Release
Technical advisory - Ottawa -
We will release our regulatory guidance during spring Quarterly Release Day, May 22, 2025. The regulatory guidance supports critical financial risks as identified by the Annual Risk Outlook.
A virtual Industry Day will be held two weeks later, June 6, 2025, where stakeholders can ask questions or share comments on our initiatives released this quarter.
This new standardized approach makes OSFI’s work more predictable and transparent.
Quarterly Release Day
On May 22, 2025, we will publish:
- public consultations on the:
- Internal Liquidity Adequacy Assessment Process (ILAAP) discussion paper
- draft Liquidity Adequacy Requirements (LAR) Guideline
- draft Minimum Capital Test (MCT) Guideline
- a policy update:
- Regulatory Notice on Adjustments to the Life Insurance Capital Adequacy Test (LICAT)
All documents will be published on our website.
Quarterly Release Industry Day
Join the Office of the Superintendent of Financial Institutions (OSFI) for our spring Quarterly Release Industry Day!
Event and registration details
- Date: Friday, June 6, 2025
- Time: 10:00 a.m. – 12:00 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 is 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.
Register by June 5, 12 p.m.
Register for Quarterly Release Industry Day
Friday, June 6, detailed agenda
10:00 a.m. – 10:05 a.m.
Opening remarks and logistics
Molly Sweet,
Director,
Stakeholder Affairs
10:05 a.m. – 10:25 a.m.
Consultation on draft Minimum Capital Test (MCT) Guideline (2026)
The Minimum Capital Test (MCT) Guideline ensures property and casualty insurers have adequate capital to meet their obligations and cover potential losses. In this session, we will answer questions about our public consultation on proposed revisions to the MCT Guideline (2026).
Régis Dahany,
Managing Director,
Insurance Capital and Liquidity Standards
10:25 a.m. – 10:40 a.m.
Regulatory Notice on Adjustments to the Life Insurance Capital Adequacy Test (LICAT) (2025)
Our LICAT Guideline helps us assess an insurer’s financial resilience, and, in doing so, helps supervise these institutions effectively. We want to ensure we are giving insurers timely and clear guidance. In this session, we will answer your questions about the adjustments to the LICAT Guideline outlined in our Regulatory Notice that will be published on May 22, 2025.
Régis Dahany,
Managing Director,
Insurance Capital and Liquidity Standards
10:40 a.m. – 11:30 a.m.
Consultation on the Liquidity Adequacy Requirements (LAR) Guideline
Consultation on the Internal Liquidity Adequacy Assessment Process (ILAAP) discussion paper
Financial institutions require strong internal liquidity management to navigate emerging risks and maintain stability in times of stress and as financial markets continue to evolve. In this session, we will discuss our public consultation on proposed changes to the LAR Guideline (2026) and our public consultation on an Internal Liquidity Adequacy Assessment Process (ILAAP) discussion paper.
Adam Dolson,
Director,
Banking Capital and Liquidity Standards
11:30 a.m. – 12:00 p.m.
Climate Risk Forum: Insights from OSFI’s Standardized Climate Scenario Exercise (SCSE)
Financial institutions and the regulators that oversee them need insights driven by data to be able to better manage climate risk. In 2024, OSFI published a Standardized Climate Scenario Exercise (SCSE). This session will explore lessons learned from the SCSE.
Stephane Tardif,
Managing Director,
Catastrophic Risk
12:00 p.m.
Closing remarks
Molly Sweet,
Director,
Stakeholder Affairs