OSFI Updates Manual of Reporting Forms and Instructions for Banks
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).
Related Links
Keywords: Americas, Canada, Banking, Reporting, Basel III, BCAR, LCR, NSFR, Large Exposures, 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.
Karen Moss
Senior practitioner in asset and liability management (ALM) and liquidity risk who assists banking clients in advancing their treasury and balance sheet management objectives
Previous Article
US Agencies Finalize Rule to Streamline Reporting for Small BanksRelated Articles
EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models
The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
EP Reaches Agreement on Corporate Sustainability Reporting Directive
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
PRA Consults on Model Risk Management Principles for Banks
The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.
EC Regulation Amends Standards for Calculating Credit Risk Adjustments
The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
BIS Hub Updates Work Program for 2022, Announces New Projects
The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
EIOPA Issues Cyber Underwriting Proposal, Statement on Open Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.
US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
EIOPA Consults on Review of Securitization Framework in Solvency II
The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.
UK Authorities Issue Regulatory and Reporting Updates for Banks
The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.
BCBS Issues Climate Risk Principles while HKMA Expresses Its Support
The Basel Committee on Banking Supervision (BCBS) issued principles for the effective management and supervision of climate-related financial risks.
