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Financial Statements for the three and six months ended September 30, 2022
… September 30, 2022 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 (in thousands of Canadian dollars) Note For the three …
Certified Financial Statements (OSFI 60)
… they should not be included on this line. Investment management fees paid by the employer are not to be reported … and entered accordingly on lines 025 to 040. Line 025 - Cash on hand Enter in dollar amount the cash on hand which … policy contains a formal immunization strategy (e.g., cash flow matching, duration matching, derivative overlay, …
Residential mortgage underwriting practices and procedures – Guideline (2017)
… 3); and, The underlying property value/collateral and management process (Principle 4). These three principles … risk mitigation. Incentive and rebate payments (i.e., “cash back”) should not be considered part of the down … referrer Footnote 13 Incentive and rebate payments (i.e., “cash back”) may be considered as part of the down payment in …
OSFI’s response to Guideline B-20 initial consultation feedback on debt serviceability measures
… and risk profile of each FRFI, balancing sound risk management against the need for FRFIs to compete effectively … borrowers. An exception bucket (e.g., 20%) on the flow of high GDS/TDS lending could accommodate borrowers with …
Guide for Continuing a Body Corporate as a Bank or a Federally Regulated Trust or Loan Company
… financial support; and a description of the proposed management team. For the purpose of this Guide, any reference … Requirements (LAR) Guideline, including the Net Cumulative Cash Flow and Liquidity Coverage Ratio, for each year of the …
Residential Mortgage Insurance Underwriting Practices and Procedures – Guideline (2019)
… insurance underwriting policies, practices, and risk management. This Guideline sets out the Office of the … for increased risk. Incentive and rebate payments (i.e., “cash back”) should not be considered part of the down payment … referrer Footnote 12 Incentive and rebate payments (i.e., “cash back”) may be considered as part of the down payment in …
Business and Powers – Ownership Interests in Commodities
… inventory financing, guarantee, letter of credit or risk management service). Duration of ownership: The FRFI should … area within the FRFI; and (ii) reports provided to senior management related to commodity activities distinguish … from other transactions that involve commodities (e.g., cash settled commodity derivatives). Conduct a level of due …
Frequently asked questions – Basel III reforms
… event was due to the lack of effective operational risk management policies, practices or controls within the … Procedures B-20. Deposits from future purchasers and/or cash equity from the builder injected into the construction …
Guide for Incorporating Banks and Federally Regulated Trust and Loan Companies
… support; Footnote 8 and a description of the proposed management team. The initial discussion also provides an … including on-going reporting on the Net Cumulative Cash Flow and Liquidity Coverage Ratio; Footnote 12 the risk-based …
Business and Powers – Information respecting a customer
… agent, broker or insurance policy by a DTI; and limit the flow of information from a DTI to an insurance company, agent … an interpretation issue specifically with regard to the flow of information between a DTI and an insurance company, …
Draft Capital Adequacy Requirements Guideline (2027) - letter
… and the marked bond spread. Maturity assignments for cash equity positions in market risk capital We will allow … the option of assigning the same maturity to the cash equity position as the maturity of the derivative contract it hedges, and any unmatched cash equity positions must be assigned a maturity of 12 …
Foreign Bank Branch Deposit Requirement
… and must be accompanied by a signed statement by branch management of the FBB that the withdrawal would not cause the … PRE-APPROVED ASSETS PAYABLE IN CANADIAN DOLLARS Cash Securities issued or guaranteed by: Government of Canada … Deposit Qualifying Assets Pre-approved asset classes Cash Securities issued or guaranteed by Canada Securities …
OSFI Annual report 2023-2024
… delay monitor and evaluate risks and promote sound risk management by institutions and pension plans Our mandate sets … of operations, changes in net financial assets and cash flow for the year then ended, and notes to the financial …
Asset Securitization by Foreign Bank Branches
… FBB and the vehicle must be approved by the FBB's branch management to ensure that such transactions are at least at … the obligor; and not provide temporary finance to cover cash shortfalls arising from non-performance of loans it … it will bring its concerns to the attention of branch management who should take appropriate action to correct the …
OSFI Annual report 2022-2023
… statement to support our strategic and operational management. We also started work to renew our approach to … of operations, changes in net financial assets and cash flow for the year then ended, and notes to the financial …