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Pension plan examinations conducted by OSFI (November 2016)
… a desk review instead of conducting the examination on site. Typically, a desk review involves reviewing documents … If warranted, OSFI may continue the examination on site at the location of the plan administrator in order to …
Life Insurance Capital Adequacy Test (2025) – Chapter 11 Aggregation and Diversification of Risks
… of each and all of the risk elements. A diversification credit or benefit results when the aggregation of risks … and morbidity requirements calculated in Chapter 6. The credit in section 11.1.1 is calculated net of registered … 11.1.1. Mortality level and trend risk - diversification credit between life supported and death supported business A …
Small and Medium-Sized Deposit-Taking Institutions (SMSBs) Capital and Liquidity Requirements – Guideline (2026)
… Loan Companies Act (TLCA) require banks (including federal credit unions), bank holding companies, federally regulated … of this guideline, SMSBs are banks (including federal credit unions), bank holding companies, federally regulated … of SMSBs or D-SIBs that are banks (including federal credit unions), federally regulated trust companies or …
Adding, Editing, or Removing an RRS Portal User or Local Registration Authority
… with OSFI is accessed through the Bank of Canada Secure Site. A Local Registration Authority (LRA) is a pension plan … with responsibility to manage users on the Secure Site and on RRS. An LRA is permitted to authorize and create …
Monthly intraday liquidity monitoring return instructions
… and Loan Companies Act and Section 431 of the Cooperative Credit Associations Act . Application This return applies to … return to OSFI via the Regulatory Reporting System Secure Site. Data input format Only shaded cells with (*) should be … provide correspondent banking services & BCBS 248 Intraday credit lines extended to customers Correspondent banks should …
Oversight Expectations for IRB Institutions
… require institutions to ensure that their overall credit risk management practices are consistent with the … of strong Senior Management oversight, effective credit risk management and models oversight, appropriate … controls and reporting processes with respect to credit risk. Senior Management should approve all material …
Materiality Criteria for Related Party Transactions - Bulletin (1999)
… for banks, trust and loan companies and cooperative credit associations. Parts XI of the Bank Act and the … and Loan Companies Act and Part XII of the Cooperative Credit Associations Act define who are related parties of banks, trust and loan companies and cooperative credit associations and set out rules for undertaking …
Reinforcing residential mortgage risk management practices
… and Disclosures), as relating to significant increases in credit risk and lifetime loss provisions. Institutions … segments and concentrations. Ensure forward-looking credit risk measurement, modelling, and stress testing to … responsibly, this risk could lead to unexpectedly elevated credit losses. Recognition of increased RESL risks was …
Collateral Management Principles for IRB Institutions
… control of the techniques and collateral used for credit risk mitigation is a fundamental component of … Institutions use different techniques to mitigate credit risk. However, all institutions need to establish … maintenance and realization of collateral held for credit risk mitigation purposes. 1. Purpose In order for …
Asset Securitization by Foreign Bank Branches
… pooling groups of assets, such as mortgages, trade or credit card receivables, automobile leases, and consumer … transaction, analyse the assets, perform due diligence and credit reviews, and monitor the credit quality of the portfolio; collect interest and …
Capital Adequacy Requirements Guideline (2026) – Letter
… market risk capital rules to improve alignment with the credit risk capital treatment of sovereign exposures. Please … meant to capture broad-based exposure proxies. Chapter 4 - Credit Risk – Standardized Approach Section Stakeholder … language to explicitly allow for a broader range of credit risk mitigants beyond collateral, including those …
Balance Sheet (M4)
… are to be reported net of the allowance for expected credit losses (ECL), if any. All allowances are to be netted … or foreign currency. Where allowances for expected credit losses against groups of loans have been established … Assets under administration Include: Assets under custody plus the value of assets for which fund accounting/asset …
Large Exposure Limits for Domestic Systemically Important Banks – Guideline (2019)
… values both before and after the application of any credit risk mitigation techniques: all exposures meeting the … met the definition of a large exposure if the effect of credit risk mitigation techniques were not taken into … book and trading book, and instruments with counterparty credit risk, for the measurement of the aggregate exposure …
Life Insurance Capital Adequacy Test (2025) – Chapter 1 Overview and General Requirements
… business. The risk adjustment excludes all provisions for credit risk and counterparty default, as these are financial … to limits in section 6.8.1, collateral and letters of credit placed by unregistered reinsurers (q.v. section 10.3) … for each of the following five risk components: credit risk (Chapters 3 and 4); market risk (Chapter 5); …
Securities Lending Deposit-taking institutions - Guideline (1996)
… branches - FBBs), trust and loan companies and cooperative credit associations ("financial institutions"). Please refer … higher from a recognized, widely followed North American credit rating agency; commercial paper rated A-1 or R-1 or … equivalent by a recognized, widely followed North American credit rating agency; acceptances of banks and trust and loan …