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Internal Model Oversight Framework
Internal Model Oversight Framework OSFI is issuing for comment draft guideline E-25 Internal Model Oversight Framework for federally regulated property and casualty insurance companies (insurers) . The guideline establishes OSFI's expectations for …
OSFI maintains the level of the Domestic Stability Buffer at 3.50% - Letter (December 2024)
… sound judgement and heightened prudence in their capital management practices. OSFI remains committed to reviewing the …
OSFI maintains the level of the Domestic Stability Buffer at 3.50% - Letter (2024)
… vigilance and heightened prudence in their capital management practices with a view to preserving capital. OSFI …
Deputy Superintendent, Ben Gully speech to C. D Howe Institute: What makes an effective prudential supervisor
… allow teams to compete effectively, without disrupting the flow of the game. The same could be said about prudential … when the game is at risk. But while we promote good risk management and corporate governance practices, we're also … responsibility for risk decisions rests with senior management, boards of directors and private pension plan …
2021-22 Departmental Results Report
… enhance their awareness of emerging risks and related risk management processes. Under this goal, in 2021-22 OSFI: … year. The change is driven by an increase in OSFI’s cash entitlement (due to increased financial liabilities), … offset by a reduction in accrued base assessments. Cash entitlement represents the amount that OSFI is entitled …
Technology and cyber incident reporting
Technology and cyber incident reporting Document properties To: Administrators of registered pension plans, or administrators that have filed for registration under the Pension Benefits Standards Act, 1985 or the Pooled Registered Pension Plans Act , and …
Life Supplementary Quarterly Return - Letter (2022)
Life Supplementary Quarterly Return - Letter (2022) To: All Federally Regulated Canadian Life Insurance Companies and Fraternal Benefit Societies and Branches of Foreign Life Insurance Companies and Fraternal Benefit Societies (“FRIs”). Office of the …
Update to LAR guideline review for wholesale funding sources with retail-like characteristics
Update to LAR guideline review for wholesale funding sources with retail-like characteristics To: Deposit-Taking Institutions (DTIs) In May, OSFI launched a review of the liquidity treatment provided in the Liquidity Adequacy Requirements (LAR) guideline …
Pillar 3 Disclosure Guideline for Domestic Systemically Important Banks (D-SIBs) - Guideline impact analysis statement (2022)
… users transparency on financial condition and risk management activities. IV. Consultations OSFI issued the …
Substantial Investments - Appendix A.3
… investment counselling services; providing portfolio management services; networking financial services; or acting …
Revised Life Insurance Capital Framework - Standard Approach
Revised Life Insurance Capital Framework - Standard Approach To: Federally Regulated Life Insurance Companies & Fraternal Benefit Societies The Standard Approach Advisory Group (SAAG), consisting of representatives from the Autorité des marchés …
Capital Adequacy Requirements (CAR) (2024) - Chapter 1 – Overview of Risk-based Capital Requirements
… of on- and off-site monitoring of institutions' risk management activities and corporate governance, including … and more structured interactions with boards and senior management; more extensive use of specialist expertise … internationally, in order to confirm the use of good risk management, corporate governance and disclosure practices; …
Interbank and Major Exposures Return (EB/ET)
… netting agreements, banks are required to report cash paid (i.e. the notional amount of the transaction). … under a legal agreement, banks are asked to report net cash paid from bilateral and tri-party reverse repurchase … date).When the collateral received is greater than the cash leg, the resulting negative value is to be reported. (D) …
Internal Audit Report on Regulation Sector - Approvals and Precedents Group
… of Financial Institutions Canada’s ( OSFI’s ) risk management, control, and governance processes, as designed and represented by management, are adequate and functioning in a manner to … there was sufficient documentation to support the logical flow of information in the application cases reviewed, with a …
OSFI consults on disclosure of FRFIs' crypto-asset exposures
… promote market discipline, thereby enhancing sound risk management. In mid-October, the Basel Committee on Banking …