Featured Product

    OSFI Consults on Revisions to BCAR and Leverage Requirements Returns

    May 04, 2021

    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.

     

    Related Links

    Comment Due Date: July 09, 2021

    Keywords: Americas, Canada, Banking, BCAR, Basel, Reporting, Regulatory Capital, Credit Risk, Leverage Ratio, OSFI

    Featured Experts
    Related Articles
    News

    EBA Publishes Regulatory Standards to Identify Shadow Banking Entities

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.

    May 23, 2022 WebPage Regulatory News
    News

    EU Agencies Update LCR Rule and Macro-Prudential Policy Recommendation

    The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).

    May 23, 2022 WebPage Regulatory News
    News

    OSFI Discusses Benchmark Rate Transition, Sets Out Work Priorities

    The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.

    May 17, 2022 WebPage Regulatory News
    News

    EBA Proposes Standards to Support Secondary NPL Markets

    The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.

    May 17, 2022 WebPage Regulatory News
    News

    EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution

    The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).

    May 13, 2022 WebPage Regulatory News
    News

    EBA Issues Standards for Crowdfunding Service Providers Under ECSPR

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.

    May 13, 2022 WebPage Regulatory News
    News

    EU to Amend Credit Risk Adjustment Rules; ESAs Submit Queries on SFDR

    The European Council published a draft Commission Delegated Regulation to amend the regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.

    May 13, 2022 WebPage Regulatory News
    News

    EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution

    The European Securities and Markets Authority (ESMA) published a paper that examines the systemic risk posed by increasing use of cloud services, along with the potential policy options to mitigate this risk.

    May 12, 2022 WebPage Regulatory News
    News

    MAS Amends Notice 635 and Issues Second Proposal on Green Taxonomy

    The Monetary Authority of Singapore (MAS) published amendments to Notice 635, which sets out requirements that a bank in Singapore has to comply with when granting an unsecured non-card credit facility to individuals.

    May 12, 2022 WebPage Regulatory News
    News

    EC Consults on PSD2 and Open Finance; EU Reaches Agreement on DORA

    The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.

    May 11, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8201