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Update on Capital Requirements for Federally Regulated Property and Casualty Insurers – Letter
… insurers may benefit from the following reductions in credit risk factors: for unrated long-term infrastructure … 3% for remaining terms to maturity of 1 year or less The credit risk factors for all other unrated debts remain … and long-term obligations to benefit from the preferential credit risk factors noted above, the infrastructure entity …
Application of the 50% Rule Exception (Subsection 21(3) of the PBSA)
… Act, 1985 (PBSA), respecting the minimum pension benefit credit, incorrectly. Section 21 of the PBSA addresses the … termination of the plan, a member's required contributions plus interest exceeds 50% of the pension benefit credit, the member's pension benefit shall be increased by …
Pension plans and UN Suppression of Terrorism Regulations
… is updated regularly and is available on the OSFI Web site. …
Disclosure of contracts over $10,000
… Act and the Privacy Act does not appear on this Web site. …
Guideline for Converting Plans from Defined Benefit to Defined Contribution
… assumptions, they state that the Consumer Price Index plus 1% should be used as a proxy for indexation to the … pension arising from service after 1986; pension benefit credit, pre-1987; pension benefit credit, post-1986; member contributions with interest; excess …
Residential Mortgage Insurance Underwriting Practices and Procedures – Guideline (2019)
… (e.g., strategic, operational, and financial, including credit, market, and liquidity risks) in its residential … practices and management of those loans. To help manage credit risk and to promote prudent mortgage underwriting, … valuation model, review of comparable properties, on-site inspections, drive-by appraisals, progress inspection …
Infosheet - Residential Mortgage Underwriting Practices and Procedures Guideline (B-20)
… mortgages is the greater of the mortgage contractual rate plus 2% or 5.25%. The Minister of Finance implemented the …
Office of the Superintendent of Financial Institutions Accessibility Plan 2026-2028
… 2027, OSFI: IT Service Desk staff will participate in on-site training offered by the AAACT Centre of excellence to … clarify the accessibility request process on the external site. Commit to having a simple process in place to request … services to meet accessibility and Gender-Based Analysis plus (GBA+) requirements. Communicate on accessibility …
Risk Quantification at IRB Institutions
… referred to as “institutions”. to calculate capital for credit risk using an internal ratings-based (IRB) approach. … to the three key risk parameters for IRB assessments of credit risk capital in IRB institutions: probability of … sources. a) Definition of default Many public studies of credit loss are based on a definition of default that varies …
OSFI Update on Capital Requirement for Federally Regulated Life Insurers – Letter
… in Permitted Infrastructure Entities Regulations , the credit risk charge is reduced from 6% to 3%. For … For regulatory reporting purposes, reflect the reduced credit risk charge for debt and market risk charge for equity …
Additional Corporate Information for the 2021-22 Departmental Results Report
… supervises and regulates all banks in Canada and federal credit unions in Canada and all federally incorporated or … 2021-22 Departmental Results Report Gender-based analysis plus SIT for 2021-22 Departmental Results Report …
Additional Corporate Information for 2022-2023 Departmental Results Report
… supervises and regulates all banks in Canada and federal credit unions in Canada and all federally incorporated or … 2022–23 Departmental Results Report Gender-based analysis plus Reporting on green procurement …
Implementation Timeline for Basel III Operational Risk Capital Requirements
… to coincide with the implementation of the final Basel III credit risk and leverage ratio requirements. This … Adequacy Requirements (CAR) for operational risk and credit risk, and the Leverage Requirements Guideline, will …
Background Checks on Directors and Senior Management of FREs – Guideline (2008)
… Act</cite>(TLCA), and section 27 of the <cite>Cooperative Credit Associations Act</cite>(CCAA).</p> , OSFI relies on … 797, Trust and Loan Companies Act section 165, Cooperative Credit Associations Act section 170. or regulatory … Act applies; an association to which the Cooperative Credit Associations Act applies or a central cooperative …
Frequently asked questions – Basel III reforms
… a SMSB should consider its exposure to various aspects of credit risk (including concentrations), market risk, … loss event exclusion request – End of process Chapter 4 – Credit Risk – Standardized Approach 1. What can be considered … stated in paragraph 80 for the internal risk transfer of credit and equity risk from the banking book to the trading …