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50% rule and benefit increases
… contributions in excess of 50% of the pension benefit credit). The additional benefit resulting from the … on which any subsequent calculation of a pension benefit credit is based. Paragraph 26(3)(b) of the PBSA allows a plan …
Panel remarks by Assistant Superintendent Ben Gully at the C.D. Howe Institute via webcast, January 28, 2021
… risks may become prudential priorities.Traditional credit, market, and operational risks are mixing with … we need to identify the various financial risks, such as credit risk, market risk, and liquidity risk relevant to the … valuation impacts or changes in corporate and household credit risks on banking loan portfolios. Further we need the …
Peter Routledge at House of Commons Standing Committee on Finance, Opening Remarks
… real estate secured lending and mortgage risks, wholesale credit risks, funding and liquidity risks, and integrity and … Having said that, I note that mortgage and household credit quality remains high by historic standards. Committee …
OSFI issues final guideline for Pillar 3 Disclosure Requirements
… Basel 2.5 enhancements and revisions) in the areas of credit risk, counterparty credit risk and securitization activities. The revised …
Capital Adequacy Requirements (CAR) Guideline
… The guideline addresses three main categories of risk: Credit Risk: The possibility that borrowers won’t repay their … losses without failing. This protects deposits, keeps credit flowing to households and businesses, and sustains …
Mortgage Insurance Return – Section V – Jurisdictional Requirements
… Superintendent of Insurance Trust and Loan Companies, Credit Unions and Pensions Department of Finance P.O. Box … Directors 10.17 Annual Corporate Information Letters of credit Letters of credits may be used to reduce capital … in Quebec. General requirements concerning letters of credit are set out below: Letters of credit must be in …
OSFI determines capital treatment of federal program supporting highly affected sectors
… of Canada's recently announced Highly Affected Sectors Credit Availability Program (HASCAP) . The Government … for exposures acquired through Highly Affected Sectors Credit Availability Program (HASCAP) OSFI's March 30, 2020 …
Fireside chat with Peter Routledge at the 2024 TD Securities annual financial services conference
… and stable lending conditions and lower the risk of a credit crunch. For example, during the pandemic, the DSB was … update . High household indebtedness is still relevant to credit risk, the safety and soundness of FRFIs, and the … for indications of increased borrower defaults, fraud, and credit losses, especially in residential real estate secured …
Financial highlights for the period ended June 30, 2025
… supervises and regulates all banks in Canada and federal credit unions in Canada and all federally incorporated or … taking in response (Integrity and security risk, Wholesale credit risk, Funding and liquidity risks, and Real estate … could cause stress in the mortgage insurance industry. Credit risks and market volatility could impact investment …
Annual Corporate Certification Return
… Companies Act , or section 431 of the Cooperative Credit Associations Act . Applicability This return applies … Canadian Property & Casualty Insurance Companies, Credit Union Centrals, Trust and Loan Companies, and …
Building resilience: OSFI sets Domestic Stability Buffer level at 1.75%
… While Canada is currently in the midst of a favourable credit environment with a stable domestic economy, household … and how it should be used. Quote “In light of positive credit performance and generally stable economic conditions, …
Actuarial Report (14th) Public Service Death Benefit Account as at 31 March 2020
… were to become exhausted, the government would then credit special contributions to the Account in an amount at … Rate The new money rate is the nominal yield on 10-year-plus Government of Canada bonds and is set for each year in … expenses, taking into account that each quarterly interest credit to a Superannuation Account is calculated as if the …
Revised standards of practice for calculating commuted values
… Regulations, 1985 (PBSR) provides that a pension benefit credit (the commuted value of a pension benefit) must be … Regulations, 1985 (PBSR) provides that a pension benefit credit (the commuted value of a pension benefit) must be …
Assistant Superintendent Tolga Yalkin participates in a panel discussion at Michael D. Penner Institute Conference
… financial institutions, private pension plans and credit unions face many increasingly complex and … pervasive influence on traditional financial risks such as credit and market risks, operational risks and insurance … financial risk that is not quite the same as, for example, credit risk or market risk – but ultimately, climate risk is …
Superintendent Peter Routledge participates in a fireside chat at the 2025 Scotiabank Financials Summit
… The economy has shown resilience. Earnings are up, credit losses are quite manageable. Six systemically … adapt if conditions worsen, while continuing to support credit availability and financial resilience. Moderator: Any … near all-time lows for mortgage delinquencies, and for credit losses measured against loans. OSFI has helped to …