Draft 2019 LICAT guideline released for public consultation
The guideline sets the requirements for Canada’s big banks to disclose their total loss absorbing capacity
OSFI issues final TLAC guideline for Canada’s banks
Net Stable Funding Ratio rule pushed to 2020
The revised requirements for banks will begin to be phased in during the second quarter
The revisions result from the adoption of IFRS 9 accounting standards by deposit-taking institutions in 2018
The new capital rules for federally regulated life insurers reflect lessons learned from the financial crisis
Revisions aim for a more focused and effective approach to governance of Canadian financial institutions
The new rules will extend stress-testing requirements for homebuyers to uninsured mortgages
The revised guidelines will come into force Jan. 1.