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

    ISSB Sustainability Standards Expected to Become Global Baseline

    The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.

    September 18, 2023 WebPage Regulatory News
    News

    IOSCO, BIS, and FSB to Intensify Focus on Decentralized Finance

    Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.

    September 18, 2023 WebPage Regulatory News
    News

    BCBS Assesses NSFR and Large Exposures Rules in US

    The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.

    September 14, 2023 WebPage Regulatory News
    News

    Global Agencies Focus on ESG Data, Climate Litigation and Nature Risks

    At the global level, supervisory efforts are increasingly focused on addressing climate risks via better quality data and innovative use of technologies such as generative artificial intelligence (AI) and blockchain.

    September 14, 2023 WebPage Regulatory News
    News

    ISSB Standards Shine Spotlight on Comparability of ESG Disclosures

    The finalization of the IFRS sustainability disclosure standards in late June 2023 has brought to the forefront the themes of the harmonization of sustainability disclosures

    August 22, 2023 WebPage Regulatory News
    News

    EBA Issues Several Regulatory and Reporting Updates for Banks

    The European Banking Authority (EBA) recently issued several regulatory publications impacting the banking sector.

    August 10, 2023 WebPage Regulatory News
    News

    BCBS Proposes to Revise Core Principles for Banking Supervision

    The Basel Committee on Banking Supervision (BCBS) launched a consultation on revisions to the core principles for effective banking supervision, with the comment period ending on October 06, 2023.

    August 04, 2023 WebPage Regulatory News
    News

    US Proposes Final Basel Rules, Transition Period to Start in July 2025

    The U.S. banking agencies (FDIC, FED, and OCC) recently proposed rules implementing the final Basel III reforms, also known as the Basel III Endgame.

    August 04, 2023 WebPage Regulatory News
    News

    FSB Report Outlines Next Steps for Climate Risk Roadmap

    The Financial Stability Board (FSB) recently published the second annual progress report on the July 2021 roadmap to address climate-related financial risks.

    August 04, 2023 WebPage Regulatory News
    News

    EBA Plans on Ad-hoc ESG Data Collection and Climate Scenario Exercise

    The recognition of climate change as a systemic risk to the global economy has further intensified regulatory and supervisory focus on monitoring of the environmental, social, and governance (ESG) risks.

    July 31, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8931