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Mortgage Insurance
… to federally-regulated financial institutions (FRFIs For the purposes of this Implementation Note, a FRFI is … guidance on factors FRFIs should consider in determining, for the purposes of the legislation Legislative references … 2010, are designed to ensure that borrowers do not pay a price for mortgage insurance that exceeds the true cost to …
Residential Mortgage Insurance Underwriting Practices and Procedures – Guideline (2019)
… of Financial Institutions’ (OSFI’s) expectations for prudent residential mortgage insurance underwriting and … in markets that have experienced rapid property price changes or higher volatility, which generate more … underlying property more vulnerable to a significant house price correction or that may significantly affect the …
Update on Capital Requirements for Federally Regulated Property and Casualty Insurers – Letter
… Update on Capital Requirements for Federally Regulated Property and Casualty Insurers – Letter Today, we are reducing capital requirements for domestic infrastructure debt. These measures take effect … of the infrastructure asset, it approves or sets the price that users pay for the product or service of the …
Accounting for Structured Settlements
… Accounting for Structured Settlements Introduction This guideline … enterprise (P&C insurer) of an annuity when purchased for a structured settlement contract and of the associated … Insurance Regulators (CCIR) currently provides direction for the reporting of structured settlements in Section III of …
Domestic Stability Buffer
… domestic systemically important banks , remain appropriate for system-wide risks. It supports continued stability and … Canadian asset imbalances Sharp increases in the value or price of assets such as houses can make the economy … the DSB level depending on its overall risk assessment. Latest review of the Domestic Stability Buffer design and …
Infosheet - Residential Mortgage Underwriting Practices and Procedures Guideline (B-20)
… issued in Canada, and residential mortgage loans account for almost 30 percent of the total assets held by these … Due to the recent and further expected rate increases, for the first time in years, consumers renewing their … maintaining the properties and selling them. As such, any price corrections can quickly have an impact by increasing …
Annual Risk Outlook – Semi-annual update – Fiscal Year 2025-2026
… as they await resolution. The threat of rising costs for key economic inputs and the potential for higher unemployment levels reduce confidence and inhibit … for calendar quarters Q3 2025 to Q1 2026, please visit OSFI's policy releases and announcements schedule . …
Validating Risk Rating Systems at IRB Institutions
… rating system that has not been validated is not suitable for IRB standards. Under CAR, ratings will drive minimum capital requirements for credit risk for institutions that are qualified to use … an input to structural models of credit risk is stock price, determined by thousands of individual investor …
OSFI upholds current LAR guideline treatment for HISA ETFs
… OSFI upholds current LAR guideline treatment for HISA ETFs To: Deposit-taking institutions (DTIs) Today, … the Liquidity Adequacy Requirements Guideline (LAR) review for wholesale funding sources with retail-like … moving aggregate funds is institutional, motivated by price and unitholder returns. The relationship is purely …
Life Insurance Capital Adequacy Test (2025) – Chapter 1 Overview and General Requirements
… condition. The ratios should not be used in isolation for ranking and rating insurers. Capital considerations … of the equity risk requirements for the downward price shock component. The same percentage can then be … the quarter end equity risk requirements for the downward price shock component to calculate the dynamic hedging …
Changes to Guideline B-12: Interest Rate Risk Management
… . The guideline provides a risk control framework for managing interest rate risk to prudent levels at … Supervision (BCBS) published revisions to the framework for Interest Rate Risk in the Banking Book (IRRBB). OSFI's … methods expected to be used by deposit-taking institutions for measuring, managing and monitoring IRRBB, as well as …
Asset Securitization - Guideline (2018)
… Adequacy Test (MICAT), and specifies the capital treatment for securitization exposures in addition to those arising … curitizations as a third party. It applies to all insurers For purposes of this guideline, "insurers" refers to all … the order of proceeds in liquidation). It is not necessary for a vehicle to issue more than one tranche of securities …
Life Insurance Capital Adequacy Test (2025) – Chapter 3 Credit Risk – On-Balance Sheet Items
… agents and brokers and other assets. Required capital for on-balance sheet assets is calculated by applying credit … effective maturity if, at the bond's current market price, the yield to the put date is greater than the yield to … are included in a main index. Gold. Mutual funds where: a price for the units is publicly quoted daily; and the mutual …
Net cumulative cash flow reporting manual
… of the calculation. This document covers the instructions for the Comprehensive NCCF and the Streamlined NCCF. … available to meet obligations on line "Cash Resources – Coins and Bank Notes". They are treated as cash inflows in … certain securities in the secondary market at a discounted price. The discounted price is simulated through the haircuts …
Leverage Requirements - Guideline (2023)
… Requirements - Guideline (2023) Note Effective date for institutions with fiscal year ending October 31 or … in paragraph 45 can be considered met only when the strike price of the underlying purchased credit protection is equal to or lower than the strike price of the underlying sold credit protection. [Basel …