March 21, 2018

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guideline reflect the disclosure of TLAC holdings and the removal of previous transitional guidance that is no longer applicable as of January 01, 2018.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.

 

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Comment Due Date: April 17, 2018

Keywords: Americas, Canada, Banking, TLAC, Disclosure Requirements, Capital Disclosures, Basel III, OSFI

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