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RBC Capital Markets Canadian Bank CEO Conference
… – in the form of buffers (capital and otherwise) and risk management disciplines – to absorb intensifying physical … we will act this decade to drive mature climate risk management and ensure the capital build-up appropriate to … financial system resilience in the 2030s. Our climate risk management surveillance will reward better, more mature …
OSFI maintains the Domestic Stability Buffer level at 2.50% - Letter (2021)
… the onset of the pandemic. OSFI continues to expect that management and boards of directors will both take into …
Life Insurance Capital Adequacy Test (2025) – Letter
Life Insurance Capital Adequacy Test (2025) – Letter Today, the Office of the Superintendent of Financial Institutions (OSFI) is publishing the final Life Insurance Capital Adequacy Test (LICAT) 2025 guideline, along with other related documents. The …
Life Insurance Capital Adequacy Test (LICAT) 2025 – Letter
Life Insurance Capital Adequacy Test (LICAT) 2025 – Letter Today, the Office of the Superintendent of Financial Institutions (OSFI) is publishing the draft Life Insurance Capital Adequacy Test (LICAT) 2025 guideline, along with other related documents …
Interbank and Major Exposures Return (EB/ET)
… netting agreements, banks are required to report cash paid (i.e. the notional amount of the transaction). … under a legal agreement, banks are asked to report net cash paid from bilateral and tri-party reverse repurchase … date).When the collateral received is greater than the cash leg, the resulting negative value is to be reported. (D) …
Remarks by Jeremy Rudin, Superintendent and Ben Gully, Assistant Superintendent, Regulation Sector to the House of Commons Standing Committee on Finance
… function liquidity adequacy – the ability to make good on cash outflows as they come due even in stressful financial …
Update on the Development of a New Approach for Determining Regulatory Capital Requirements for Segregated Fund Guarantee (SFG) Risk
Update on the Development of a New Approach for Determining Regulatory Capital Requirements for Segregated Fund Guarantee (SFG) Risk To: Federally Regulated Life Insurers For the purposes of this letter, “federally regulated life insurers” or “insurers” …
OSFI exempts uninsured mortgage straight switches from the prescribed MQR and implements portfolio LTI limits
OSFI exempts uninsured mortgage straight switches from the prescribed MQR and implements portfolio LTI limits To: Federally regulated financial institutions Effective today, OSFI will no longer prescribe the minimum qualifying rate (MQR) that it expects …
Reinsurance Trust Agreements
Reinsurance Trust Agreements To: Federally Regulated Property and Casualty Insurance Companies, Federally Regulated Life Insurance Companies, including Fraternal Benefit Societies This letter is to inform you that the Office of the Superintendent of …
OSFI Service Standards
OSFI Service Standards To: Federally Regulated Financial Institutions In order to enhance its accountability and transparency, in 2005 OSFI developed service standards for services that it provides. In 2017, the Government of Canada introduced the Service …
Portability Options
… options available to members (or survivors) are: A cash refund if the pension benefit credit is not locked-in; … excess of this limit to be unlocked and transferred out in cash. … Portability Options …
Analysis of Climate Change Impact on the Office of the Chief Actuary’s Assumption-Setting Process: Actuarial Study No. 24
… to the development of climate and environment-related risk management in the financial sector and mobilizing mainstream … which is credited with interest earnings as if the net cash flows were invested quarterly in certain government … of sovereign bonds partially depends on the country’s management of their natural capital. This dependency may …
Asset Securitization - Letter (2018)
Asset Securitization - Letter (2018) To: Federally Regulated Insurers Refers to all federally regulated insurers, including Canadian branches of foreign life and property and casualty companies, fraternal benefit societies, regulated insurance holding …
Life Insurance Capital Adequacy Test 2024 – Adjustments and clarifications
… are added on the Attestation page of the LCQ: Senior Management attestation The review and attestation should be …
In-Kind Contributions
… to the pension fund. The normal meaning of payment is a cash payment. Therefore an employer cannot unilaterally … to make a payment to a pension plan in anything other than cash to satisfy the normal cost and special payment …