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Life Insurance Capital Adequacy Test Public Disclosure Requirements
… between reporting periods and any other issues that management considers to be of interest to stakeholders. The …
Large Exposure Limits - 2003
… in regards to operational, business, risk and crisis management policies. II. Limits on Large Exposures In … and foreign branches are also to have in place the management information and control systems necessary to give … exposures to reinsurers . However, OSFI expects prudent management of companies to include reasonable limits on …
OSFI response to draft Guideline B-15 consultation feedback
… (OSFI) issued its draft Guideline B-15 Climate Risk Management (the guideline) for public consultation. The … for federally regulated financial institutions’ (FRFIs) management of climate-related risks. It aims to support FRFIs … risks. For example, insurers may experience sudden cash outflows due to increased severity and frequency of …
Unlocking Options
… from a locked-in account. The funds may be withdrawn as cash, or transferred to a tax-deferred savings vehicle such … are met, then a person's pension may be withdrawn in cash or transferred to a tax-deferred savings vehicle such as … or mental condition, the funds may be withdrawn in cash or transferred to a tax-deferred savings vehicle such as …
Collateral and Pledging Report (H4)
… All excess collateral Encumbered central bank deposits Cash margin given The security leg of a repo transaction The … repos' breaks down reverse repos by collateral class). Cash and Due From Banks Cash (encumbered – included in Part B) Required deposits …
Regulatory Notice on Adjustments to the Life Insurance Capital Adequacy Test Guideline (2025) – Letter
Regulatory Notice on Adjustments to the Life Insurance Capital Adequacy Test Guideline (2025) – Letter Today, we are publishing a regulatory notice that outlines adjustments to the 2025 Life Insurance Capital Adequacy Test (LICAT) guideline to provide …
2021-22 Departmental Results Report
… enhance their awareness of emerging risks and related risk management processes. Under this goal, in 2021-22 OSFI: … year. The change is driven by an increase in OSFI’s cash entitlement (due to increased financial liabilities), … offset by a reduction in accrued base assessments. Cash entitlement represents the amount that OSFI is entitled …
Clear Expectations: OSFI’s Priorities and Agenda
… the responsibility of their boards of directors and senior management. OSFI Removed Nearly All COVID-related Regulatory … decisions rests with the boards of directors and senior management of FRFIs; and We have confidence that boards of directors and senior management will act responsibly in making those decisions. 1. …
Leverage Requirements Return (LRR)
… transactions with no recognition of accounting netting of (cash) payables against (cash) receivables. 53 1112 Receivables for cash variation margin provided in derivatives transactions – …
Substantial Investments - Appendix A.3
… investment counselling services; providing portfolio management services; networking financial services; or acting …
Deputy Superintendent, Ben Gully speech to C. D Howe Institute: What makes an effective prudential supervisor
… allow teams to compete effectively, without disrupting the flow of the game. The same could be said about prudential … when the game is at risk. But while we promote good risk management and corporate governance practices, we're also … responsibility for risk decisions rests with senior management, boards of directors and private pension plan …
Glossary of Pension Plan Terms
… institutions. An RRIF is intended to provide an ongoing flow of income. RRIFs are governed by the Income Tax Act …
Capital Adequacy Requirements (CAR) (2026) – Chapter 1 – Overview of Risk-based Capital Requirements
… of on- and off-site monitoring of institutions' risk management activities and corporate governance, including … and more structured interactions with boards and senior management; more extensive use of specialist expertise … internationally, in order to confirm the use of good risk management, corporate governance and disclosure practices; …
Capital Adequacy Requirements (CAR) (2024) - Chapter 1 – Overview of Risk-based Capital Requirements
… of on- and off-site monitoring of institutions' risk management activities and corporate governance, including … and more structured interactions with boards and senior management; more extensive use of specialist expertise … internationally, in order to confirm the use of good risk management, corporate governance and disclosure practices; …
Public consultation on the draft Minimum Capital Test (MCT) 2026
Public consultation on the draft Minimum Capital Test (MCT) 2026 Today, the Office of the Superintendent of Financial Institutions (OSFI) is beginning a 90-day consultation on the draft MCT 2026 guideline , along with associated documents. The final MCT …