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Preparation of Actuarial Reports for Defined Benefit Pension Plans
… concern valuation Footnote 20 Funding requirements Risk management The level of discussion and disclosure should be … the objective of which is to establish a series of cash flows that match the expected benefit payments to … the difference between the actuarial present value of the cash flows under each adverse scenario and the actuarial …
Earthquake Exposure Sound Practices - Guideline (2013)
… should form part of an insurer's overall catastrophe risk management. OSFI recognizes that individual insurers may have differing earthquake exposure risk management depending on, among other factors, their: size; … OSFI will assess an insurer's earthquake exposure risk management policy against these principles and, where …
Internal Capital Adequacy Assessment Process (ICAAP) for Deposit-Taking Institutions – Guideline (2010)
… comprehensive ICAAP is a vital component of a strong risk management program. The ICAAP should produce a level of … from an institution’s ICAAP to assess the quality of risk management, OSFI does not approve an institution’s ICAAP. … ICAAP A rigorous ICAAP has six main components: Senior management oversight Sound capital assessment and planning …
Sound Reinsurance Practices and Procedures – Guideline (2025)
… – Guideline (2025) Reinsurance is an important risk management tool that can be used by an insurer to reduce … to implement effectively. Inadequate reinsurance risk management practices and procedures can materially affect an … with respect to ensuring effective oversight and risk management policies and procedures in relation with the …
Assurance on Capital, Leverage and Liquidity Returns – Guideline at a glance (2022)
… 1 – External Audit footnote 1 referrer Table 2 – Senior Management Attestation and Review Table 2 - Senior Management Attestation and Review footnote 1 Industry … Quarterly beginning fiscal 2024 Table 2 - Senior Management Attestation and Review footnotes Table 2 - Senior …
A Blueprint for OSFI’s Transformation 2022 - 2025
… from identifiable sources. Climate change will alter the cash flows generated by some capital assets and occasionally … plans. As such, OSFI has been in the business of risk management for some time and our success reflects how well we … will be the expansion of OSFI’s own enterprise risk management (ERM) capabilities, including risk management …
Balance Sheet by Booking Location (Z4)
… worldwide. Instructions for rows Section I - Assets A 1 Cash and Cash Equivalents (a) Gold, bank notes, deposits with Bank of … (AUC), Assets under Administration (AUA) and Assets under Management (AUM) General Reported assets (AUC, AUA and AUM) …
Data Maintenance at IRB Institutions
… This implementation note elaborates on the data management requirements for institutions Banks and bank … ratings, rating migration, default, and collateral. Data management and timely execution of underlying information … of expectations on the data maintenance (or generic “data management”) process itself. This note provides general …
Securities (B2)
… in this return conforms to the definitions of financial flow sector accounts detailed in the attached Definition of Financial Flow Sectors. This concept is also used in the Non-Mortgage … it and charges costs of production against revenue, management of the institution is relatively autonomous. Not …
Regulatory Capital and Internal Capital Targets (2025)
… of capital; quality or strength of the insurer's capital management policy, including its capital management processes; and effectiveness of oversight with respect to the insurer's capital management processes. Capital considerations should include …
Internal capital adequacy assessment process template
… to supplementary information such as its policies, risk management framework(s), and processes. Executive summary The … test results and how they inform and support capital management a summary of its business strategy and how the … the interconnectivity of the institution's risk management framework, strategy, business planning, and …
OSFI Summarizes Responses to its Climate Risk Discussion Paper
… identification, measurement of climate-related risk, and management of these risks. Many respondents believe OSFI has … climate-related risks through existing governance and risk management frameworks and new tools such as climate-related … early stages of development; Existing governance and risk management frameworks and practices could address …
2025 Special Actuarial Report on the financial position of the Public Service Pension Fund as at 31 March 2025
… 12 footnote a referrer Table 12 footnote b Included 3% cash. Return to table 12 footnote b referrer Table 12 … year (in percentage) Plan year Fixed income securities Cash Public equity Private equity Real assets Credit 2026 21 … ending 31 March 2024, PSP Investments' operating and asset management expenses averaged 0.7% of average net assets. It …
Clarification on the Treatment of Innovative Real Estate Secured Lending Products under Guideline B-20
… from a traditional mortgage and which may have unique risk management requirements. These include loans with “combined” … Background Guideline B-20 defines and sets out OSFI’s risk management expectations for home equity lines of credit … of this equivalent treatment is to extend heightened risk management expectations in the Guideline to other innovative …
Backgrounder: Final Liquidity Adequacy Requirements Guideline (2026)
… financial institutions can meet their obligations in cash or with assets that can be quickly converted to cash. It helps ensure federally regulated banks, bank holding …