OSFI is consulting on the draft Total Loss-Absorbing Capacity (TLAC) Disclosure Requirements guideline, along with the consequential amendments to the Capital Disclosure Requirements guideline. Comments are due by April 17, 2018.
The TLAC Disclosure Requirements guideline incorporates the new TLAC disclosure templates issued by the Basel Committee on Banking Supervision in March 2017. Consequential amendments to the Capital Disclosure Requirements guideline reflect the disclosure of TLAC holdings and the removal of previous transitional guidance that is no longer applicable as of January 01, 2018. Together, these two guidelines set out the TLAC disclosure requirements for domestic systemically important banks, or D-SIBs (including any designated Canadian G-SIBs), in Canada. D-SIBs are expected to provide public disclosure of TLAC information for the fiscal quarter commencing on November 01, 2018 (Quarter 1 of 2019). The final disclosure guidelines will be issued after the release of the final TLAC Guideline. The removal of previous transitional guidance applies to all federally regulated deposit-taking institutions.
Comment Due Date: April 17, 2018
Keywords: Americas, Canada, Banking, TLAC, Disclosure Requirements, Capital Disclosures, Basel III, OSFI
Previous ArticleFSB Publishes the Global Shadow Banking Monitoring Report for 2017
BoE updated the known issues document for the statistical reporting Forms AS and FV.
EBA updated the report on the implementation of selected COVID-19 policies.
OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.
MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.
HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.
The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.
FASB issued a new Accounting Standards Update (2020-06) to improve financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity.