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Business in Canada – Credit card activities
… directly or through a nominee or agent, business in Canada for the purposes of Part XII of the Bank Act (BA). … from the CI and the reception and processing of requests for Cards, would be performed outside Canada by the FB. … support visits would merely be more efficient ways for the FB to fulfill obligations that it undertook from …
Internal Capital Adequacy Assessment Process (ICAAP) for Deposit-Taking Institutions – Guideline (2010)
… Internal Capital Adequacy Assessment Process (ICAAP) for Deposit-Taking Institutions – Guideline (2010) This … Requirements (CAR) guideline establishes minimum standards for calculating minimum or target regulatory capital … deposit-taking institution is responsible for developing and implementing its own ICAAP for the purpose …
Stress Testing – Guideline (2009)
… – Guideline (2009) Stress testing is an important tool for senior management to use in making business strategy, … innovation leads to new products that grow rapidly and for which limited or no historical experience is available. … interrelations between various factors, including price shocks for specific asset categories; the drying-up of …
OSFI 49 Annual Information Return, OSFI 49A Schedule A - Canada Revenue Agency Information Requirements and the Pension Plan Annual Corporate Certification
… private pension plans (FRPPs) registered, or filed for registration, under the Pension Benefits Standards Act, … menu to select the basis for adjustment (Full consumer price index, Partial consumer price index, Excess interest … and submitting the PPACC. For further information, please visit the OSFI website or contact us at: Telephone: (613) …
OSFI's role in housing finance
… of the Superintendent of Financial Institutions, or OSFI for short, is responsible for regulating and supervising … [Visual: OSFI logo] Narrator: For more information, visit OSFI's website. [Text on screen: For more information, visit: www.osfi-bsif.gc.ca] [Visual: Government of Canada …
Sound Mortgage Underwriting: Foundation for Stability - Remarks to the C.D. Howe Institute, Toronto, Ontario, January 24, 2020
… Sound Mortgage Underwriting: Foundation for Stability - Remarks to the C.D. Howe Institute, Toronto, … January 24, 2020 Introduction Good day and thank you for making the time to join me. Thank you for the kind … through Guideline B-20 in 2018. According to CMHC's latest consumer survey, two-thirds of buyers said that the …
2020-21 Pension Plans Survey (PPS)
… survey with pension plan administrators and professionals for their perceptions of OSFI’s performance. The results of … Private Pension Plans Division (PPPD) to identify areas for improvement. Key Findings The following are key findings … rated the information as useful. The top reason reported for visiting the site was to obtain information related to …
Capital Adequacy Requirements (CAR) (2027) – Chapter 1 – Overview of Risk-based Capital Requirements
… the version of this guideline currently in effect, please visit Capital Adequacy Requirements (CAR) (2026) – Chapter 1 – Overview of Risk-based Capital Requirements . Note For institutions with a fiscal year ending October 31 or … company maintains adequate capital pursuant to the Acts. For this purpose, the Superintendent has established two …
Insurance in Canada of Risks – Financial Guarantee Insurance and Residual Value Insurance
… (FGI Insurer) would indemnify holders of debt instruments for any financial loss suffered as a result of the failure of … requests. They will receive outside Canada applications for a policy. Their policies will be negotiated, issued, … In order to assess its insurance risk, the RVI Insurer may visit Canada to inspect the proposed insured asset (i.e., the …
Business in Canada – Mortgage loan administration services
… of Canada. However, employees of the EAFB periodically visit Canada to promote its services. The EAFB provides … These include: processing payments and arranging for them to be directed to the Canadian entity’s account in Canada, making servicer advances, arranging for annual inspections of the properties, ascertaining that …
Corporate Governance – Guideline (2018)
… and are defined in OSFI's Supervisory Framework. For the purpose of this guideline, however, the Oversight … Internal Audit; and Actuarial. Corporate Governance for Financial Institutions Corporate governance is a set of … and liabilities can be volatile and may be difficult to price accurately. Similarly, financial institutions may issue …
Own Risk and Solvency Assessment
… risks, capital Footnote 2 needs and solvency position, and for setting Internal Targets Footnote 3 , based on an … and reports. OSFI does not approve an insurer's ORSA. For further guidance and considerations about the … Large Exposure Limits , Investment Concentration Limit for Property and Casualty Insurance Companies and Guideline …
Guidance
… guidance that meets or exceeds international minimums for financial institutions. Visit the following links to find our guidelines and other … Modernizing policies, guidance, and supervision for regulatory efficiency Applications and approvals …
Media contacts
… not a journalist and have a comment or a question, please visit our Contact us page. News releases Media advisory Speeches Statements …
Winding-up order granted for the Canadian branch of Maple Bank GmbH
… Winding-up order granted for the Canadian branch of Maple Bank GmbH We have archived … information from KPMG by visiting its website ( www.kpmg.com/ca/maplebank ) or calling 1-416-777-8415. News release Ottawa Related links Superintendent of Financial … Winding-up order granted for the Canadian branch of Maple Bank GmbH …