OSFI proposed revisions to the Basel Capital Adequacy Reporting (BCAR) and leverage requirements returns for the 2023 reporting, with the comment period ending on July 09, 2021. The proposed revisions to the BCAR and leverage requirements returns reflect the regulatory changes (proposed in March 2021) to introduce the latest and final round of Basel III reforms into the capital, leverage, and liquidity requirements as well as the related disclosure guidelines for banks. The proposed revisions to the BCAR and leverage requirements returns also include requirements applicable to small and medium-size deposit-taking institutions (SMSBs).
The BCAR regulatory return will transition to XML filing format from the current “.dat” filing format, effective for the first quarter of 2023 filing and subsequent periods. The transition is driven by the upcoming changes to the BCAR regulatory return and to support system scalability and enhancements. OSFI will support this transition by providing clear specifications, guidance, and tools (for example, XML/XSD files, technical specifications, and instructions). OSFI also published the revised reporting manuals for BCAR and leverage requirements returns. The BCAR return collects data and details on the calculation of the risk-based capital ratio of the reporting institution. For domestic systemically important banks (D-SIBs), the return also collects data used to calculate the risk-based Total Loss-Absorbing Capacity (TLAC) ratio of the reporting D-SIB, along with the details of the calculation. The leverage requirements return covers the leverage ratio of the reporting institution, along with details of the calculation. Both the returns are required to be completed on a quarterly fiscal basis and filed within 30 days of fiscal quarter-end.
- Summary of Proposed Changes to BCAR Return
- Draft Changes to BCAR Return (XLSX)
- Draft Changes to Leverage Requirements Return (XLSX)
- BCAR Reporting Manual
- Leverage Requirements Return Reporting Manual
Comment Due Date: July 09, 2021
Keywords: Americas, Canada, Banking, BCAR, Basel, Reporting, Regulatory Capital, Credit Risk, Leverage Ratio, OSFI
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