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Common concerns raised in the review of actuarial reports (May 2016)
Common concerns raised in the review of actuarial reports (May 2016) Past newsletter articles Actuarial and funding Defined benefit plans Actuarial reports submitted to OSFI may be referred by the plan's relationship manager to the actuarial team in the …
OSFI releases capital guidelines updates for financial resiliency
OSFI releases capital guidelines updates for financial resiliency Today, the Office of the Superintendent of Financial Institutions (OSFI) revised the following capital guidelines: Capital Adequacy Requirements (CAR) Life Insurance Capital Adequacy Test …
OSFI delays increase of Basel III output floor by one year
OSFI delays increase of Basel III output floor by one year Today, the Office of the Superintendent of Financial Institutions (OSFI) announced a one-year delay to the increase of the capital floor level (or “output floor”). Canada concluded its …
Opening remarks by Superintendent Peter Routledge at the December 2023 level-setting announcement for the Domestic Stability Buffer
… our decision recognizes the prudent approach to capital management taken by the Boards of Directors of Canada’s …
A supervisory approach fit for the future
… through effective corporate governance and sound risk management. We’re working hard on transforming our approach …
Office of the Superintendent of Financial Institutions’ 2024–25 Departmental plan at a glance
… in all aspects of our work. Advance leading-edge data management , collection, and analytical capabilities and …
Acting Jointly or in Concert
… entered into a shareholders’ agreement to provide for the management of C with respect to certain issues, and to …
Phase 3 non-retail transactional level data call (OSFI 965)
Phase 3 non-retail transactional level data call (OSFI 965) Return file OSFI 965 - Non Retail Phase 3 LITE - Submission Template (XLSX, 35.6 KB) General instructions Aligned with previous direction, Phase 3 expands the 965 non-retail data call to include …
A Year in Review: Update to the Life Insurance Regulatory Framework
… and addressed issues such as corporate governance and risk management, evolving regulatory capital requirements, and …
Defined contribution pension plan study
… it appears that there is an awareness of investment fund management fees among administrators, the responses and …
OSFI's supervisory intervention approach
… pension plans, focusing on their financial condition, risk management and controls, and governance. When we find …
Instruction Guide on Buy-in Annuity products
Instruction Guide on Buy-in Annuity products Pensions Type of publication: Letter Date: March 27, 2023 To: Administrators, actuaries, and other stakeholders of pension plans with defined benefit provisions that are registered, or have filed an application …
Insurance in Canada of Risks – Financial Guarantee Insurance and Residual Value Insurance
Insurance in Canada of Risks – Financial Guarantee Insurance and Residual Value Insurance Foreign insurance company Type of publication: Ruling Issue: The issue was whether the manner in which foreign insurers that proposed to provide financial guarantee …
Statement from Peter Routledge, Superintendent of Financial Institutions: OSFI will never rest easy when it comes to financial system resilience
Statement from Peter Routledge, Superintendent of Financial Institutions: OSFI will never rest easy when it comes to financial system resilience Document properties Type of publication: Statement Date: December 9, 2022 Today, the Superintendent of …
Statement to entities engaging in crypto-asset activities or crypto-related services
Statement to entities engaging in crypto-asset activities or crypto-related services Crypto-related services and crypto-asset activities, as well as the technology upon which they are based, may present opportunities for the financial system, but they …