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Substantial Investments - Appendix B.3
… advisory Regulatory and legislative Bank Act Cooperative Credit Associations Act Insurance Companies Act Trust and …
Substantial Investments - Appendix B.5
… advisory Regulatory and legislative Bank Act Cooperative Credit Associations Act Insurance Companies Act Trust and …
Substantial Investments - Appendix B.6
… advisory Regulatory and legislative Bank Act Cooperative Credit Associations Act Insurance Companies Act Trust and …
Business and Powers – Information respecting a customer
… company, agent or broker, information pertaining to the credit worthiness of a client of that insurance company, …
Operational Risk Management and Resilience — Letter
… Sound Business and Financial Practices Banks Cooperative Credit Associations Foreign Bank Branches Life Insurance and …
Corporate Governance – Guideline (2018)
… Act , the Trust and Loan Companies Act , the Cooperative Credit Associations Act and associated regulations; and, … policies of the FRFI, including those in respect of credit, market, operational, insurance, regulatory compliance … appetite statement to: Specific risk categories (e.g., credit, market, insurance, liquidity, operational); The …
Own Risk and Solvency Assessment
… firms, professional and other associations, academia, credit rating agencies and other purveyors of research, data, … conditions. Resulting new or additional risks such as credit/counterparty and operational risk should be taken into … should have an understanding of its insurance, market, credit and other risk concentrations, dependencies and …
2024 Property and Casualty Minimum Capital Test and Branch Adequacy of Assets Test (PC4)
… resulting recognition of actual gains (losses). Line 025 – Plus: accumulated net after-tax revaluation losses in excess … value gains (losses) due to changes in the company’s own credit risk The adjustment under AOCI for Accumulated net … gains (losses) arising from changes in institution's own credit risk refers primarily to gains (losses) recognized in …
Glossary of Terms
… a specified amount according to the terms of the letter of credit. Accounting Principles The accounting principles to be … a fee, as an agent for a customer. Allowance for *Expected Credit Losses* The Allowance for *Expected Credit Losses* … foreign entities similar to those Canadian entities above plus Foreign Official monetary institutions such as …
Directives of the Superintendent – FAQs
… of the pension (also referred to as the "pension benefit credit" or "commuted value") to a locked-in vehicle such as a … set the transfer ratio at 1.00 where the pension benefit credit (or "commuted value") is calculated in accordance with …
Mortgage Insurance
… include: Bank Act sections 418.1 and 552; Cooperative Credit Associations Act section 382.2; Insurance Companies …
Substantial Investments - Appendix B.1
… advisory Regulatory and legislative Bank Act Cooperative Credit Associations Act Insurance Companies Act Trust and …
OSFI finalizes its Solo Capital guideline and Solo Total Loss Absorbing Capacity (TLAC) guideline
… We have clarified that certain foreign branches may take credit for amounts remitted to the Canadian branch, where …
Data Collection Modernization Initiative: Get Ready for Implementation
… return refine the collection and quality of non-retail credit risk data Once these strategic initiatives are …
Emerging Prudential Risks in Housing
… to examine risk in Canadian residential mortgage credit. And as the head of the agency charged with … the fall of 2020, we at OSFI believe residential mortgage credit risk has risen only modestly. There remains a risk … or more- will be the greater of the mortgage contract rate plus 2 percent or 5.25 percent. Note, we also promised to …