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Property and casualty insurance return – Section III – Definitions
… insurance or insurance incidental to automobile insurance. Credit Insurance means insurance against loss to a person who has granted credit if the loss is the result of the insolvency or default of the person to whom the credit was granted. Credit Protection means insurance under …
Superintendent Routledge participates in a fireside chat at TD Annual Conference
… OSFI will sharpen its focus on the risks that matter most: credit risk, liquidity risk, and institution accountability, … and grow while preserving confidence and resilience. On credit risk, OSFI is consolidating existing credit risk management guidance for mortgage lending, …
Securities Lending
… higher from a recognized, widely followed North American credit rating agency; commercial paper rated A-1 or R-1 or … equivalent by a recognized, widely followed North American credit rating agency; acceptances of banks and trust and loan … equivalent by a recognized, widely followed North American credit rating agency; and high quality common and preferred …
OSFI supervisory observations
… each year (see InfoPensions 18 ) . Desk reviews and on-site examinations performed in 2018 revealed some recurring … may require the actuary to calculate a pension benefit credit using mortality rates that do not vary according to … mortality rates in the calculation of a pension benefit credit for a portability transfer. Subsection 27(3) of the …
Change Control Log (Climate Risk Returns)
… the Physical Risk DC1 returns: Guarantees and Letters of credit, Counterparty Credit Risk Exposures such as Derivatives, Securities … field and a reference table to specify the approach to credit risk used by the FI DC1 Technical Specifications – …
OSFI’s Quarterly Release: continuing to advance smart, well-calibrated risk-taking
… new liquidity guidance and is launching consultations on credit risk management as well as accountability for boards … Specific details include: OSFI is consolidating existing credit risk management guidance for mortgage lending, … principles and key content areas. The resulting Credit Risk Management Guideline will align with …
Targeted fast-track approvals framework for new entrants
… Budget 2025 measures to facilitate federal entry for credit unions, and reflects the evolving nature of Canada’s … offered only to the following entities: Provincial credit unions that are seeking continuance as a federal credit union. Entities with technologically innovative or …
Backgrounder: Draft Capital Adequacy Requirements Guideline (2027)
… has made several changes to the capital requirements for credit risk particularly for the treatment of land … (ADC) exposures under the Standardized Approach (SA) for credit risk. These changes ensure requirements are … (SME) exposures and lowering the risk weight under the credit risk SA for unrated non-investment-grade corporate …
Superintendent Peter Routledge participates in a fireside chat with Mortgage Professionals Canada
… Institutions loans. We are consulting on a comprehensive Credit Risk Management (CRM) Guideline to strengthen how institutions manage credit risk. The guideline will consolidate and streamline … and incorporate international best practices on credit risk. By clarifying its expectations in a single …
What We Heard: Consultations on Draft Climate Risk Returns
… Area) level of reporting for physical risk exposures and credit risk metrics in Canada and abroad and requested that … the advanced internal rating based (AIRB) approach to credit risk provide PD and LGD data, respectively, while DTIs … to the unsecured retail lending asset classes (i.e., Credit Card, Line of Credit, Other Retail excl. SME) from the …
Save the date: OSFI’s first Quarterly Release Day and Industry Day of 2026
… on Senior Leader Accountability Consultative Document on Credit Risk Management Streamlining Approvals for Targeted … Division 2:05 p.m. – 2:35 p.m. Consultative Document on Credit Risk Management OSFI is developing a comprehensive Credit Risk Management (CRM) Guideline and seeking early …
Questions and Answers - Guidance for Reinsurance Security Agreements
… to use in order to be eligible for a capital/asset credit in respect of unregistered reinsurance. While OSFI was … held in Canada in order to be eligible for a capital/asset credit in respect of unregistered reinsurance. Ceding … whether, and under what conditions, capital/asset credit should be permitted. Institutions need to advise their …
Administration of Negotiated Contribution Plans
Administration of Negotiated Contribution Plans Guide Governance Multi-employer pension plans and Negotiated Contribution Plans (NCP) Defined benefit plans Introduction A negotiated contribution plan (NCP) is a multi-employer, defined benefit pension plan …
Superintendent Peter Routledge participates in a fireside chat at Bank of America Expert Insights Series
… at risk but can release capacity for banks to extend credit. Similar opportunities may exist in … Moderator: Growth in NBFI lending (particularly private credit) has been significant. How do you assess the potential … and insurers) if we end up seeing emergence of increased credit issues in the private credit space? What is the level …
Key Metrics Report – Life insurers – Instructions (2025)
… Column 04 Instructions General The risk categories (e.g. Credit, Market, Insurance, Segregated Fund Guarantee, … and details provided. Lines 01 – 04: Specific Risks - Credit, Market, Insurance and Segregated Fund Guarantee risks … quality/quantity, management tolerances or diversification credit, if not quantified elsewhere). Line 18: ORSA …