OSFI issued its annual update to the manual of reporting forms and instructions for deposit-taking institutions. The changes to several reporting forms and instructions were announced in a letter addressed to the Chief Financial Officers of banks and federally regulated trust and loan companies and Principal Officers of foreign bank branches.
Changes made to the following regulatory reporting forms and instructions are effective for 2020 filing:
- Mortgage Loans Report (E2) (delayed to first quarter of 2021)
- Deposit Liabilities (K4)
- Supplementary Return for Foreign Bank Branches (K3)
- Liquidity Coverage Ratio Return (LA)
- Basel Capital Adequacy Reporting, or BCAR (BA)
- Net Cumulative Cash Flow Return (OSFI600)
- Consolidated Income Statement (P3) (effective some time in 2020—New memo items to be filed as an unstructured filing)
- Large Exposure Return "unstructured - OSFI930"—New
- Net Stable Funding Ratio "unstructured—OSFI921"/"structured – DT1"—For D-SIBs only (Third Quarter of 2020)—New
- Interbank and Major Exposures Return Appendices (2A/2L)—New (2A effective December 2019/2L test data effective June 2020, formal reporting effective September 2020)
- Joint Balance Sheet (Z4)—New
- GIC Offer Sheet Return (GA-GB)—New
- Insured Residential Mortgages (RM)—Trust and Loan Companies Only—New
Changes to the NCR (credit risk data) returns (RAPCORP, BB, BC, BD, BE, BF and BG) have been postponed and will be incorporated with the proposed changes for 2021. The NCR returns include IRB Credit Data Wholesale Portfolio Part-1 (BB) and Part-2 (BC/BP), IRB Credit Data Retail Portfolio Part-1 (BD) and Part-2 (BE/BO), IRB Credit Data Wholesale Transaction (BF), and IRB Credit Data Wholesale Transaction Defaulted and Fully Resolved (BG).
Keywords: Americas, Canada, Banking, Reporting, Basel III, BCAR, LCR, NSFR, Large Exposures, OSFI
Previous ArticleUS Agencies Finalize Rule to Streamline Reporting for Small Banks
The European Banking Authority (EBA) published version 5.1 of the filing rules for supervisory reporting.
The European Central Bank (ECB) Guideline 2021/1829 on the procedures for the collection of granular credit and credit risk data has been published in the Official Journal of European Union.
The European Banking Authority (EBA) published the final draft regulatory technical standards on disclosure of investment policy by investment firms, under the Investment Firms Regulation (IFR).
The Australian Prudential Regulation Authority (APRA) published the prudential practice guide CPG 511 to assist banks, insurers, and superannuation licensees in meeting requirements of CPS 511, the new prudential standard on remuneration.
The Office of the Comptroller of the Currency (OCC) published a bulletin that provides an updated self-assessment tool for banks to evaluate their preparedness for cessation of the London Interbank Offered Rate (LIBOR).
The Financial Stability Board (FSB) published a report that examines the progress made toward disclosures aligned with recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
The Basel Committee on Banking Supervision (BCBS) published the progress report on adoption of the Basel III regulatory framework in member jurisdictions.
The French Prudential Supervisory Authority (ACPR) has implemented, in its information system, updates linked to the Data Point Model (DPM) version 3.1.
The European Banking Authority (EBA) published a thematic note that aims to identify and raise awareness of the transition risks of benchmark rates, as the London Interbank Offered Rate (LIBOR) and the Euro Overnight Index Average (EONIA) are close to being phased out.