Modernizing policies, guidance, and supervision for regulatory efficiency
We’re modernizing our policies, guidance, and supervision to create a regulatory environment that is agile, risk based, and capable of delivering targeted responses—one that enhances resilience and contributes to innovation across Canada’s financial sector for economic growth.
Work to date
We’ve taken proactive steps to modernize our work and this is just the start. The work that we’ve been doing to recalibrate our regulatory framework is not a singular event. It’s part of who we are as a modern regulator. This work will be ongoing as it enhances how we respond to risks and improves the overall efficiency of our oversight.
Benefits
Our approach helps contribute to public confidence in the Canadian financial system by:
- focusing on the right risk, with the right regulatory response, at the right time
- eliminating redundancies and outdated expectations, and simplifying guidance
- supervising more effectively and efficiently
- enhancing transparency and predictability
Policy releases, announcements and industry days
In support of our modernization work, we hold Quarterly Release and Industry Days providing transparency and predictability by issuing (draft and final) guidance, consultations, and announcements on predetermined dates.
Our current guidance library and consultations are always available on our website.
Announcements and publishing of the Domestic Stability Buffer, the Annual Risk Outlook, and the Semi-Annual Risk Outlook are excluded from the Quarterly Release and Industry Days. Those can be found under major announcements on OSFI’s homepage.
The following schedule may be adjusted due to external factors causing us to reconsider the dates for the guidance impacted or supervision that has been revised. See Letter to industry - OSFI’s revised policy plan on creating regulatory and supervision efficiency where we can and focusing our efforts where it counts for a more effective, forward-looking regulatory system.
Policy [P] – guidance requiring action, such as adhering to expectations or providing feedback to a public consultation process
Announcement [A] - for informational purposes
Fourth Quarterly Release 2025
- Quarterly Release Day: November 20, 2025
- Industry Day: December 4, 2025
| Policy [P] Announcement [A] |
Release | Banks | FBB | T&L | L&F | P&C |
|---|---|---|---|---|---|---|
| [P] | Consultation on draft Capital Adequacy Requirements (CAR) Guideline (2027) | True ✓ | True ✓ | |||
| [P] | Final Minimum Capital Test (MCT) Guideline (2026) | True ✓ |
First Quarterly Release 2026
- Quarterly Release Day: January 29, 2026
- Industry Day: February 12, 2026
| Policy [P] Announcement [A] |
Release | Banks | FBB | T&L | L&F | P&C |
|---|---|---|---|---|---|---|
| [P] | Consultation on revised Guideline B-12 Interest Rate Risk Management | True ✓ | True ✓ | |||
| [P] | Final Liquidity Adequacy Requirements (LAR) Guideline (2026) | True ✓ | True ✓ | |||
| [P] | Consultation on draft Credit Risk Management Guideline | True ✓ | True ✓ | True ✓ | True ✓ | True ✓ |
| [P] | Consultative document on Accountability Framework for board and senior management (postponing the consultation on a draft Corporate Governance and Accountability Guideline) | True ✓ | True ✓ | True ✓ | True ✓ | |
| [P] | Consultation on climate disclosures for assets under management per Guideline B-15 | True ✓ | True ✓ | |||
| [A] | Crypto-asset exposure disclosure notice | True ✓ | True ✓ | True ✓ | True ✓ | True ✓ |