Pillar 3 Disclosure Guidelines on Crypto-asset Exposures
Guidance to enhance transparency, improve data comparability, and strengthen market discipline.
Video duration: 00 hours:00 minutes:49 seconds
Date: February 20, 2025
Video
Pillar 3 Disclosure Guidelines on Crypto-asset Exposures
Transcript
[Pillar 3 Disclosure Guidelines on Crypto-asset Exposures]
Kenneth Leung - Managing Director, Accounting Policy Division: Crypto-assets are innovative but also come with risks to Canadians and the financial system.
Kathy Huynh - Director, Accounting Policy Division: That’s why OSFI released our Pillar 3 Disclosure Guidelines on Crypto-asset Exposures. These new disclosure expectations apply to banks that we oversee and come into effect for Q1 2026 fiscal reporting periods.
They incorporate the Basel Committee on Banking Supervision’s standards and are complementary to our final guidelines on the prudential treatment of crypto-assets.
Kenneth Leung: These expectations enhance transparency, improve data comparability, and strengthen market discipline—building a safer financial system for everyone.
[OSFI logo]
[Canada wordmark]