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Letter to industry - Revision of OSFI’s approach regarding Administrative Monetary Penalties
… recipients of this letter to share this notice with the management and board of directors of the financial …
Draft Internal Liquidity Adequacy Assessment Process Guideline (2027) – Letter
… consistent approach for our supervision of liquidity risk management. We are proposing a phased implementation …
Internal capital adequacy assessment process expectations and related internal audit requirements
… the ICAAP remains, first and foremost, an internal risk-management and capital-planning process rather than a …
Terms and conditions
… the use of collaboration spaces such as portals (Crisis Management, Supervisory Colleges, Audit Committee, etc.) to … Information Bank, SSC PCU 608 ; Internal Credential Management Services Personal Information Bank, SSC PCU 606 ; … or spam; and Do not, in our opinion, add to the normal flow of the discussion. In short, please be respectful and …
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 …
Buy-in Annuity products
… of the administrator to adopt appropriate risk management practices when administering the pension fund. … contract and consider the risks related to paying in cash or transferring assets in-kind (e.g., liquidity risk) …
Pledging and Repos (U3)
… institution in the fourth, fifth and sixth columns. 1. Cash Resources Report the amount of cash on hand and held in other financial institutions. 2. …
All validation rules for the H4 regulatory return
… for Encumbered and Unencumbered Assets Encumbered Assets = Cash (encumbered) + Cash Margin Given + Collateral In (non-rehypothecateable) + … Sheet Repo (Gross) (Total) = Part B: Sum of Repo -> Cash Received (includes FMIs, CBs, and FIs) a21 = …
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 …
“2025 Annual Update” to the Manual of Financial Reporting Forms and Instructions for Life Insurance Companies and Fraternal Benefit Societies
… Reporting System (RRS). The attestations include senior management, opinion of internal auditor, and opinion of …
Internal Controls over Financial Reporting
… of Financial Institutions PFM Policy on Financial Management TB Treasury Board Framework Five-Year Risk Based … Context The Treasury Board's (TB) Policy on Financial Management (PFM) came into effect on April 1, 2017, and sets … key controls in the brackets below: Accounts Receivable – Cash Receipts (4) Contracting (Procurement) (6) Month …
Data Collection Modernization Initiative: Get Ready for Implementation
Data Collection Modernization Initiative: Get Ready for Implementation The Data Collection Modernization (DCM) project (May 2023 to April 2028) aims to: modernize the regulatory data collection technology platform advance key data initiatives and improve …
Pension Members’ Guide
… you choose. This could include receiving the funds in cash or transferring the funds directly to a non-locked-in … are used: the Canadian Socio-economic Information Management (CANSIM) B14013 rate in effect during the … institutions. An RRIF is intended to provide an ongoing flow of income. RRIFs are governed by the Income Tax Act …
Capital Adequacy Requirements (CAR) Guideline
Capital Adequacy Requirements (CAR) Guideline OSFI sets guidance to keep Canada’s banks safe and reliable. At the heart of this, is the Capital Adequacy Requirements (CAR) Guideline. It explains how much financial buffer—called capital—federally regulated …
Flexible Pension Plans
… protected by the PBSA, i.e., the un-locked benefit becomes cash that is accessible to creditors, and will be excluded … protected by the PBSA, i.e. the un-locked benefit becomes cash that is accessible to creditors and will be excluded …