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Glossary of Terms Change Control Log
… Allowance for Impairment changes to Allowance for Expected Credit Losses 7 Delete: Central Cooperative Credit Society Add: Collective Allowances 8 Update: …
Draft guidance
… regime 2026-10-31 Consultation: Consultative document on Credit Risk Management 2026-07-29 Consultation: Draft Capital …
Strengthening Fundamentals and Adapting to a Dynamic Risk Landscape - Fostering the Foundations of Sound Supervision
… Valley Bank (SVB), First Republic, Signature Bank, and Credit Suisse. What lessons do you think these events … requirements to ensure better risk management. We lowered Credit Conversion Factors (CCFs) for credit cards based on data collected from our domestic …
Rulings
… Act (TLCA) Insurance Companies Act (ICA) Cooperative Credit Associations Act (CCAA) 2020-01 Definition of capital … – 01 Business and powers Promotion of a “Comprehensive Credit Insurance” Policy by a Bank 416 and 549 416 489 and … 237 N/A 2011 – 02 Foreign banks Business in Canada – Credit card activities 510(1) N/A N/A N/A 2011 – 01 Foreign …
Annual Risk Outlook – Semi-annual update – Fiscal Year 2025-2026
… 4 key risks: Integrity and security risk Wholesale credit risks Funding and liquidity risk Real estate secured … and collateral values, ultimately leading to increased credit risk for Canadian financial institutions. Housing … elevated levels of available-for-sale listings. Household credit delinquencies continue to increase, albeit from …
OSFI-565 – Notice of Annual or Special Meeting
… Companies Act , or section 185 of the Cooperative Credit Associations Act . Applicability This return only … Canadian Life and Property & Casualty Insurance Companies, Credit Union Centrals, Trust and Loan Companies, and …
Preserving confidence in Canada’s financial system
… of many nations, including: the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee and … in a generation. Financial system capital remains high and credit losses low. If credit losses expanded materially, we believe the …
Financial highlights for the period ended December 31, 2023
… supervises and regulates all banks in Canada and federal credit unions in Canada and all federally incorporated or … capital management practices given the increasing risk of credit losses. OSFI is continuing to assess whether mortgage … are well adapted and sufficient. It is also monitoring credit account management practices, as well as robustness of …
Financial highlights for the period ended September 30, 2023
… supervises and regulates all banks in Canada and federal credit unions in Canada and all federally incorporated or … capital management practices given the increasing risk of credit losses. OSFI is continuing to assess whether mortgage … are well adapted and sufficient. It is also monitoring credit account management practices, as well as robustness of …
Adapting Prudential Policy for the New Normal - Remarks to the C.D. Howe Institute, Toronto, Ontario, September 28, 2020 via webcast
… as the rollout of new accounting standards for expected credit losses and a focus on audit quality. These regulatory … bank retrenchment and the negative economic effects of a ‘credit crunch’. Moreover, this action avoided any cost to the … environment, we smoothed the capital impact of expected credit losses that would have been required as part of …
OSFI-597 – AFS, Auditor’s Report, Other Shareholder’s Material
… Companies Act , or section 296 of the Cooperative Credit Associations Act . Applicability This return only … Canadian Life and Property & Casualty Insurance Companies, Credit Union Centrals, Trust and Loan Companies, Co-operative …
Incorrect jurisdiction of record for locked-in funds
… institutions that a federal member’s pension benefit credit must be transferred in accordance with the Pension … jurisdiction wishes to transfer their pension benefit credit from a pension plan, that plan member must submit a …
OSFI-FCAC Risk Report - AI Uses and Risks at Federally Regulated Financial Institutions
… claims management, trading, investment decisions, and credit adjudication. The use of AI may amplify risks around … affecting labour markets and industries, could increase credit risk. All financial institutions, even those not … including algorithmic trading, liquidity management, credit risk activities, and compliance monitoring. Many …
Deposit Liabilities (K4)
… II of the Bank Act (see SIC, Division K, Class 7021) and credit unions and caisses populaires, trust companies and … and Housing Corporation, Export Development Canada, Farm Credit Canada, Business Development Bank of Canada and ATB … and Housing Corporation, Export Development Canada, Farm Credit Canada, Business Development Bank of Canada and ATB …
Void Amendments
… report for the amendment was filed with OSFI. A letter of credit may be obtained to fund any lump sum payment, referred … above, as long as the total face value of all letters of credit does not exceed 15% of the solvency liabilities of the …