OSFI published a suite of frequently asked questions (FAQs) relevant for federally regulated deposit-taking institutions, financial institutions, insurance companies, and private pension plans. The FAQs address common questions on the series of regulatory adjustments announced recently to support the financial and operational resilience of these entities, in light of the COVID-19 outbreak.
The FAQs for deposit-taking institutions address issues related to capital requirements, payment deferrals, capital treatment of expected credit losses, calculation of market risk capital requirements, leverage ratio and margin requirements, timeline for domestic implementation of Basel III standards, management of liquidity and interest rate risk in the banking book, covered bonds, and stress testing. The FAQS for federally regulated financial institutions cover, among others, aspects of regulatory reporting requirements and the recent measures taken to offer flexibility to meet upcoming deadlines for filing regulatory returns. The FAQs will be updated regularly to reflect any new measures announced.
- Press Release
- FAQs for Banks
- FAQs for Financial Institutions
- FAQs for Insurers
- FAQs for Pension Plans
Keywords: Americas, Canada, Banks, Insurance, Securities, Pensions, FAQ, COVID-19, Basel III, Expected Credit Loss, Reporting, IFRS 9, OSFI
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EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).
NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.
MAS published the guidelines on individual accountability and conduct at financial institutions.
APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.
SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.
FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.
ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.
OSFI published the key findings of a study on third-party risk management.
FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.