Search
Search results
Derivatives Sound Practices – Letter (2015)
… also reflects current practices with respect to the risk management of derivatives activities. OSFI expects that the sophistication of an institution’s risk management practices and measurement techniques will depend … risk. OSFI agrees and the change had been made. Risk Management – P. 5 Greater clarity was requested with respect …
2026 Life Insurance Capital Adequacy Test - Filing Instructions
… page. Original Signatures The Attestation of Senior Management on the Attestation page of the LCQ Return should … Repurchase Agreements / Securities Lending Grand Total Cash resources $75,000 - no data - no data $3,100 - no data … if the liabilities are positive (representing cash-out-flow from the insurer's perspective); or negative if the …
Letter to Industry – We are Updating Guideline B-15 for the Final CSSB Standards
… financial institutions in Guideline B-15 : Climate Risk Management. The updates reflect our commitment to ensuring … for on-balance sheet and off-balance sheet assets under management setting the implementation date to disclose Scope … for the off-balance sheet component of assets under management to fiscal year 2029 We will include these updates …
Pillar 3 Disclosure Guideline for Domestic Systemically Important Banks (D-SIBs) (2025)
… practices covering their financial condition and risk management activities that are among the best of their … be described, together with the corresponding responses by management. [Basel Framework, DIS 10.15] Disclosures should … be sufficiently flexible. They should reflect how senior management and the board of directors internally assess and …
The Use of Ratings and Estimates of Default and Loss at IRB Institutions
… to encourage institutions to improve their measurement and management of risk. Institutions may look to CAR for specific … requirements of CAR; namely, the credit approval, risk management, internal capital allocations, and corporate … operations and reporting, including reports to senior management and the Board of Directors. Most institutions rate …
Guide to Intervention for Federally Regulated Deposit-Taking Institutions (DTI)
… independent challenge, advice, and guidance to senior management on crisis management policies. The board also … extending the survival horizon of the net cumulative cash flow OSFI often uses supervisory influence, or moral suasion, …
Data Collection Modernization Initiative Progress Update and Upcoming Priorities
… Underpinned by robust project governance and project management In May 2025, the DCM implementation phase began. … applicable not applicable not applicable Technology Forum Management leaders across 3 sectors Late fall 2025 Banking, … ✓ True ✓ True ✓ True ✓ True ✓ not applicable Data Forum Management leaders of key institutions Early 2026 Banking …
AIRB Self-Assessment Instructions
… role and scope of work performed by risk and/or business management (as applicable) and internal audit in respect of … self-assessment process requires that risk and/or business management (as applicable) and internal audit provide the … of all work performed to date by risk and/or business management (as applicable) in respect of the institution’s …
Pledging
… consistent with their overall liquidity and other risk management practices. The Guideline will be applied when the … of those activities or transactions, such as liquidity management, use of derivatives and securities lending, may … relating to pledged assets is important from a liquidity management standpoint and, in the event of insolvency, …
Change Control Log (LRR)
… for all credit derivatives LR paragraph reference under Cash instrument equivalency 4 Q1 2026 Change: Separated the … Ratio (%) (new DPA 1508) and the Institution's Internal Management Target Leverage Ratio (%) (DPA 1511) Add: DPA … TLAC Leverage Ratio (%) DPA 1513: Institution's Internal Management Target TLAC Leverage Ratio (%) Change control log …
OSFI’s Intelligence-led Cyber Resilience Testing (I-CRT) Framework
… in a controlled way and entails implementing a risk management process to identify, assess, and mitigate risks … by OSFI and the FRFI undergoing the testing, the risk management process is the responsibility of the FRFI’s … of all stakeholders. The governance, planning, risk management, and execution of an I-CRT assessment is assigned …
Validating Risk Rating Systems at IRB Institutions
… the outputs. As rating systems are integral to the management of credit risk, economic capital and other vital … Directors (or a designated committee thereof) and Senior Management understand the operation of the rating system and have a detailed comprehension of its associated management reports. This understanding should include the …
Control in Fact
… are vested with the power to manage or supervise the management of the business and affairs of an entity (e.g., … through shareholder resolutions, the individual has broad management powers over the operations of the entity, … influence, OSFI will generally consider: Involvement in management : The ability of the person to appoint, block the …
OSFI Opening Statement – June 22, 2022 DSB Announcement
… vigilance and heightened prudence in their capital management practices with a view to preserving capital. …
Foreign DTI Subsidiary IRB Self-Assessment Instructions
… role and scope of work performed by risk and/or business management (as applicable) and internal audit in respect of … self-assessment process requires that risk and/or business management (as applicable) and internal audit provide the … of all work performed to date by risk and/or business management (as applicable) in respect of the foreign DTI …