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Corporate Governance – Guideline (2018)
… does not apply to branch operations. OSFI looks to Branch Management to oversee operations in Canada, including matters of corporate governance. Branch Management should refer to <a href="/node/617">Guideline … the financial position, the results of operations and the cash flows of the FRFI. The Audit Committee should meet with …
Capital Adequacy Requirements (CAR) (2026) – Chapter 3 – Operational Risk
… business activities, technological processes and risk management procedures. Therefore, an institution must have … line of defense. [Basel Framework, OPE 25.16] For risk management purposes, and to assist in supervisory validation … period, due to operational risk events impacting the cash flows or financial statements of previous financial …
Life Insurance Capital Adequacy Test (2025) – Chapter 10 Credit for Reinsurance
… should be calculated using the same underlying policy cash flow assumptions and discount rate that are used to value the … the reinsurance agreement Footnote 3 , be in the form of cash Footnote 4 or securities, be owned by the reinsurer, and …
Life Insurance Capital Adequacy Test (2024) – Chapter 10 Credit for Reinsurance
… should be calculated using the same underlying policy cash flow assumptions and discount rate that are used to value the … the reinsurance agreement Footnote 3 , be in the form of cash Footnote 4 or securities, be owned by the reinsurer, and …
2024 Property and Casualty Minimum Capital Test and Branch Adequacy of Assets Test (PC4)
… Superintendent of Financial Institutions Regulatory Data Management 255 Albert Street, 12th floor Ottawa, ON K1A 0H2 … C criteria. Line 181 – Assets for Insurance Acquisition Cash Flows The value reported on this line is the amount of … excluded from the amount reported line 20. Line 095 – Cash flow in from other insurers, subsidiaries, affiliates, …
Assessment Tool - Operational Risk Capital Data
… the AT aims to ensure that institutions have effective management of current and historical operational risk capital … frameworks. RDARR Principle 1 5.1.03 Senior management have reviewed and approved , at least annually, … has multiple systems involved in the end-to-end flow, the institution have the ability to demonstrate the …
Parental Stand-Alone (Solo) Capital Framework for Federally Regulated Life Insurers (2025)
… of the unbiased, probability-weighted estimate of future cash flows under IFRS 17. For all other non-capital …
Draft P&C Minimum Capital Test and Branch Adequacy of Assets Test PC4 instructions
… Superintendent of Financial Institutions Regulatory Data Management 255 Albert Street, 12th floor Ottawa, ON K1A 0H2 … C criteria. Line 181 – Assets for Insurance Acquisition Cash Flows The value reported on this line is the amount of … amounts are deducted from net liabilities. Line 095 – Cash flow in from other insurers, subsidiaries, affiliates, …
Final Guideline B-2 and Guideline B-3
… It clarifies OSFI’s expectation that reinsurance payments flow directly to a cedant FRI in Canada, and reaffirms OSFI’s … monitor the solvency position of the retrocessionaire. Flow of Reinsurance Payments Some respondents argued that the requirement for reinsurance payments to flow directly to a cedant in Canada goes against the global …
Financial statements for the three months ended June 30, 2024
… June 30, 2024 Quarterly financial report Statement of management responsibility including internal control over … the financial position, results of operations and cash flows of the Office of the Superintendent of Financial … part of these financial statements. Statement of Cash Flow Statement of Cash Flow (in thousands of Canadian …
Filing financial returns
… which is the Chartered Professional Accountants of Canada (CPA Canada) Handbook, except as otherwise specified by the … Insurance Companies 2023 update to the Net Cumulative Cash Flow reporting forms and instructions … 560 … 562 … 564 … 566 …
Data Maintenance Expectations for Institutions Using the Standardized Approach for Operational Risk Capital Data
… "data maintenance" includes various key elements of a data management process, including data collection, data … III. Types of Operational Risk Data Operational risk management and capital measurement are highly dependent on an … ("ILM"), which is calculated using the BI and the LC. IV. Management of Data for the Calculation of Operational Risk …
Financial statements for the three and six months ended September 30, 2023
… September 30, 2023 Quarterly financial report Statement of management responsibility including internal control over … the financial position, results of operations and cash flows of the Office of the Superintendent of Financial … part of these financial statements. Statement of Cash Flow Statement of Cash Flow (in thousands of dollars) (in …
Financial statements for the three and six months ended September 30, 2024
… September 30, 2024 Quarterly financial report Statement of management responsibility including internal control over … the financial position, results of operations and cash flows of the Office of the Superintendent of Financial … part of these financial statements. Statement of Cash Flow Statement of Cash Flow (in thousands of Canadian …
Financial statements for the three and nine months ended December 31, 2024
… December 31, 2024 Quarterly financial report Statement of management responsibility including internal control over … the financial position, results of operations and cash flows of the Office of the Superintendent of Financial … part of these financial statements. Statement of Cash Flow Statement of Cash Flow (in thousands of Canadian …