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Margin Requirements for Non-Centrally Cleared Derivatives – Guideline (2020)
… Margin Requirements for Non-Centrally Cleared Derivatives – Guideline (2020) … likely to be relatively illiquid. The associated lack of price transparency further complicates the process of … must use risk factors sufficient to measure all material price risks inherent in the transactions for which initial …
An invitation to Industry Day from OSFI’s Director of Stakeholder Affairs
… seconds Date: September 11, 2025 Join us on September 25th for Industry Day Video Transcript Do you have questions about OSFI's latest Quarterly Release? OSFI's Industry Day is your chance … with OSFI. [Text on screen: Register now for Industry Day! Visit: osfi-bsif.gc.ca] Registration is open now on our …
OSFI increases the level of the Domestic Stability Buffer by 50 basis points
… of a housing market downturn and high debt servicing costs for households, corporate debt levels remain elevated and … to increase the buffer and OSFI views it to be prudent for D-SIBs to maintain healthy capital buffers as a margin of …
Life Insurance Capital Adequacy Test (2025) – Chapter 9 Participating and Adjustable Products
… of the LICAT guideline. Required capital components for participating and adjustable products are calculated in … benefits. Therefore, insurers may include credits for participating products (par credit) and for contractually … Allowance related to insurance risks) by comparing the price with and without future adjustments. Tests of …
OSFI’s response to Guideline B-20 initial consultation feedback on debt serviceability measures
… FRFI, balancing sound risk management against the need for FRFIs to compete effectively and take reasonable risks. … to high LTI/DTI lending (e.g., 10%), with a higher limit for smaller lenders (e.g., 20%). Loan-to-value (LTV) should influence the thresholds and calibration for LTI, such that higher exception limits are allowed for …
Minimum Capital Test - Guideline (2024)
… Open A draft version of this guideline is available for consultation. Please provide your feedback by August 20, … investors if a new instrument is issued at a lower price during a specified timeframe. If the instrument is not … or after the fifth anniversary of the closing date of the latest re-opened tranche of securities. Defeasance options …
Minimum Capital Test – Guideline (2026)
… the capital framework, using a risk-based formula, for target and minimum capital/margin required, and defines … investors if a new instrument is issued at a lower price during a specified timeframe. If the instrument is not … or after the fifth anniversary of the closing date of the latest re-opened tranche of securities. Defeasance options …
Role of the Independent Actuary
… an amalgamation agreement submitted to the Superintendent for approval be accompanied by an IA’s Report. With respect … could help to assess the reasonableness of the purchase price, if necessary. In addition to reviewing these … on this information; the reasonableness of the purchase price and tax consequences of the agreement, in so far as …
OSFI Service Standards
… and transparency, in 2005 OSFI developed service standards for services that it provides. In 2017, the Government of … . All government departments and agencies that charge fees for services are impacted by this legislation, including … met; an automatic annual fee adjustment by the Consumer Price Index to ensure that fees keep pace with inflation; and …
Earthquake Exposure Sound Practices - Guideline (2013)
… are effective. This Guideline sets out OSFI's expectations for policies and procedures applicable to insurers Footnote 1 … principles make numerous references to sound practices for use of catastrophe models. At the same time, there is … this uncertainty. Accordingly, good corporate governance for this risk and other risk management techniques, such as …
Capital Adequacy Requirements (CAR) (2026) – Chapter 4 – Credit Risk – Standardized Approach
… Approach Consultation status: Closed The consultation for chapter 4 of the 2027 CAR Guideline closed on February … capital or similar investments which are subject to price volatility and are acquired in anticipation of … reasonable steps to obtain a fair market value or the best price that may be obtained in the circumstances when …
Domestic Stability Buffer - Decision Summary Note
… any indicator and the changes to the DSB. See the Appendix for additional background on the DSB design framework and … materialization of losses to D-SIBs in the near term. For near-term risks, OSFI monitors recent and leading … serviceability Canadian Asset Imbalances Housing and CRE price levels and valuations Canadian Institutional …
Expert Opinions and Report - Canadian Company Demutualizations
… of the company but should clearly state that it is given for the benefit of all eligible policyholders as required by … 7 of the Regulations, a copy or a summary will be provided for the benefit of eligible policyholders as part of all of … amount that is the product of the initial public offering price per share and the number of shares that the eligible …
Interim arrangements for the regulatory capital and liquidity treatment of cryptoasset exposures
… Interim arrangements for the regulatory capital and liquidity treatment of … closed on September 20, 2023. OSFI has finalized guidance for Capital and Liquidity Treatment of Crypto-asset Exposures … of stress and high volatility); and on-going monitoring of price correlation and volatility, including appropriate …
Interest Rate Risk Management - Guideline (2019)
… Management - Guideline (2019) Note Implementation date for DSIBs is January 1, 2020 and for non-DSIBs is January 1, … option risk. Each of these sub-types can change the price/value or earnings/costs of interest rate-sensitive … indices, unemployment rates, GDP, inflation and housing price indices should be considered in modelling prepayment …