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OSFI keeps Domestic Stability Buffer at 2.50%, provides update on review
… Canadian household indebtedness and potential asset price imbalances.” - Jamey Hubbs, Vice-Superintendent, OSFI News release Ottawa The DSB is an important policy tool that …
Termination of a Defined Benefit Pension Plan
… pension industry of the filing and reporting requirements for a non-insured Footnote 1 defined benefit pension plan … Regulations, 1985 (PBSR) are the authoritative source for requirements applicable to plans that are terminating or … special payments due to the fund in accordance with the latest actuarial report would continue to be remitted to the …
Basel III Capital Floor Technical Note
… over time. The overall impact of 2017 Basel III reforms for Canadian banks in totality is, per our calculations, … capital to withstand losses. The capital requirements for banks are outlined in the Capital Adequacy Requirements … (also referred to as the Basel III output floor in its latest form) that was included as part of our implementation …
Opening Remarks by Superintendent Peter Routledge at the June 2023 level-setting announcement for the Domestic Stability Buffer
… Routledge at the June 2023 level-setting announcement for the Domestic Stability Buffer Check against delivery … Welcome to our June 2023 level-setting announcement for the Domestic Stability Buffer, or DSB. I am joined by … system. Thank you. Speech Peter Routledge Related links News release Letter to industry Domestic Stability Buffer - …
Instructions to complete ICAAP data return
… Process (ICAAP) Data Return standardizes the format for Deposit-Taking Institutions (DTIs) to submit their ICAAP … Total Capital basis) Rows #100 to #190 {Pillar 1 Risks} – For the purpose of the ICAAP Data Return, populate Pillar 1 … DTIs need to ensure that the figures reported for Pillar 1 risks within Columns #20 and #30 (summed in Row …
OSFI updates model risk management guidance and launches public consultation
… business strategies. It now also includes models used for non-financial risks such as climate, cyber and tech and … is set to take effect on July 1, 2025. An industry session for FRFIs and FRPPs will be held on January 17, 2024. Click … Peter Routledge, Superintendent of Financial Institutions News release Ottawa Guideline E-23 first came into effect in …
OSFI’s view on blanket appraisals and appraisal timing
… Blanket appraisals can be efficient in certain situations. For example, for a builder with several similar units, the appraisal value … appraisal or otherwise, that did not reflect the current price level at the time of mortgage origination would not …
Actuarial Report (31st) on the Canada Pension Plan
… Accessibility Guidelines (WCAG) defines requirements for designers and developers to improve accessibility for … growth in the labour force and job creation rate. 4.3.2 Price Increases On December 13, 2021, the Bank of Canada and … expectations at 2%. Despite the mid-point target of 2%, price increases (inflation), as measured by changes in the …
Deputy Superintendent, Ben Gully speech to C. D Howe Institute: What makes an effective prudential supervisor
… prudential supervisor Good afternoon and thank you for inviting me to speak today about prudential supervision. … intangible qualities. We’re getting ourselves match-fit for a fast moving, complex and, at times, unpredictable risk … demands on supervisors. You only have to look at OSFI's latest Annual and Semi-Annual Risk Outlook to see this. …
The Fierce Urgency of Now: The Canadian Financial Sector in a Post-Pandemic World, a Prudential Perspective
… particularly poignant on the eve of the first National Day for Truth and Reconciliation. I encourage you to take a … Climate Change. OSFI’s approach to Climate To quote the latest Intergovernmental Panel on Climate Change (IPCC) … invest to change that outcome and that should be welcome news to FRFIs who have been so helpful to us with our ad-hoc …
P&C Minimum Capital Test and Branch Adequacy of Assets Test PC4 instructions
… Canadian Generally Accepted Accounting Principles (CGAAP) for publicly accountable enterprises (PAEs). As federally … definition of a PAE, and are required to report using IFRS for fiscal years beginning on or after January 1, 2011. For … return must be received at the regulator's office at the latest on the applicable due date. There are penalties for …
Office of the Superintendent of Financial Institutions Accessibility Plan Progress Report 2024
… 1. General 1.1 Contact information The accessibility lead for OSFI is the Human Resources Division’s Diversity, Equity, and Inclusion team. For more information, to provide feedback, to receive a … and inclusive environments is a strategic necessity for achieving our mandate. We are also dedicated to helping …
Registration of a Defined Benefit Pension Plan
… plans in completing form OSFI 48DB – Application form for the Registration of a Defined Benefit Pension Plan (PDF) … about RRS and the annual filing process , please visit our website. 5.3. Subscribe to Email Notifications OSFI … Service to receive important updates and pension related news including InfoPensions, our semi-annual newsletter. …
Office of the Superintendent of Financial Institutions Accessibility Plan Progress Report 2023
… 1. General 1.1 Contact information The accessibility lead for OSFI is in the Culture, Inclusion and Development Unit. For more information, to provide feedback, to get a … this work, but every employee at OSFI is responsible for learning about accessibility and demonstrating inclusion …
Deposit Liabilities (K4)
… Bank of Canada Banking and Financial Statistics on a total-for-all- institutions basis. Frequency Monthly. Contact … enterprises which are of a commercial nature and charge a price for their goods and services related to their costs of … to produce a good or a service for sale on the market at a price related cost, (b) the institution maintains financial …