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OSFI maintains Minimum Qualifying Rate for uninsured mortgages
OSFI maintains Minimum Qualifying Rate for uninsured mortgages Today, the Office of the Superintendent of Financial Institutions (OSFI) announced that the minimum qualifying rate for uninsured residential mortgages (MQR) will remain the greater of 5.25 …
Superintendent of Financial Institutions takes temporary control of Silicon Valley Bank’s Canadian branch
Superintendent of Financial Institutions takes temporary control of Silicon Valley Bank’s Canadian branch Today, the Superintendent of Financial Institutions moved to protect creditors by taking temporary control of the assets of the Canadian branch of …
Access to information and privacy annual reports and assessments
Access to information and privacy annual reports and assessments Under section 72(1) of the Access to Information Act and section 72(1) of the Privacy Act , the heads of government institutions are required to prepare annual reports to Parliament …
Backgrounder: Final Life Insurance Capital Adequacy Test (LICAT) - Guideline (2025)
… that insurers may take by expanding and fortifying risk management. Links to other OSFI guidelines The LICAT …
Data Collection Modernization (DCM) Initiative launch and participation in the industry questionnaire (open until July 28, 2023)
… encompasses data, process, technology, and change management. Collaboration across the tri-agencies, FRFIs, …
Acting as a service provider
… provide investment counseling services and portfolio management services; and issue payment, credit or charge or …
Part XII: Establishment, maintenance or acquisition for use in Canada of automated banking machines
… or providing investment counselling and portfolio management services (and where this is the case, a …
OSFI maintains Domestic Stability Buffer at 3.5%
… OSFI’s decision recognizes the prudent approach to capital management taken by the Boards of Directors of Canada’s …
OSFI’s view: Variable rate mortgages with fixed payments and extended amortizations
OSFI’s view: Variable rate mortgages with fixed payments and extended amortizations The Office of the Superintendent of Financial Institutions (OSFI) would like to address recent reports of mortgages with extended amortizations. (i.e., extending the …
OSFI seeks feedback on changes to liquidity rules for Canadian banks
OSFI seeks feedback on changes to liquidity rules for Canadian banks Today, the Office of the Superintendent of Financial Institutions (OSFI) launched a 90-day consultation on proposed changes to its Liquidity Adequacy Requirements (LAR) - Guideline …
OSFI completes Basel III reforms, releases final capital and liquidity rules to protect Canadians
OSFI completes Basel III reforms, releases final capital and liquidity rules to protect Canadians Page Content Today, the Office of the Superintendent of Financial Institutions (OSFI) announced revised capital, leverage, liquidity and disclosure rules …
OSFI's role in housing finance
OSFI's role in housing finance Housing market How our role in housing finance contribute to the stability of the Canadian financial system. Video duration: 00 hours :02 minutes :48 seconds Date: December 15, 2022 Video Transcript [Text on screen: Office …
Appearance at the standing committee on banking, commerce and the economy, November 6, 2024
… or non-financial, we take early action and oblige management and boards of directors to take prompt, corrective …
Policy release and announcement schedule
… Banks FBB T&L L&F P&C Final Guideline E-23 Model Risk Management (2026) True ✓ True ✓ True ✓ True ✓ True ✓ Final …
ESTABLISHMENT OR TERMINATION OF A TRUST FOR VESTING ASSETS IN CANADA BY A FOREIGN COMPANY (including a foreign fraternal benefit society)
ESTABLISHMENT OR TERMINATION OF A TRUST FOR VESTING ASSETS IN CANADA BY A FOREIGN COMPANY (including a foreign fraternal benefit society) Applications should be sent to: Office of the Superintendent of Financial Institutions Securities Administration and …