OSFI Consults on Draft Guideline for TLAC Disclosure Requirements
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guideline reflect the disclosure of TLAC holdings and the removal of previous transitional guidance that is no longer applicable as of January 01, 2018.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.
Related Links
Comment Due Date: April 17, 2018
Keywords: Americas, Canada, Banking, TLAC, Disclosure Requirements, Capital Disclosures, Basel III, OSFI
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
SEC Adopts Changes to Public Liquidity Risk Management DisclosureRelated Articles
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
BIS Bulletin Examines Cognitive Limits of Large Language Models
The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.
ECB is Conducting First Cyber Risk Stress Test for Banks
As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.
EBA Continues Momentum Toward Strengthening Prudential Rules for Banks
A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.
EU and UK Agencies Issue Updates on Final Basel III Rules
The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards