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Share this article Share this article OSFI launches consultations on Basel III implementation and a new tailored approach to capital and liquidity requirements for smaller, less complex banks   OTTAWA, ON, March 11, 2021 /CNW/ - The Office of the Superintendent of Financial Institutions (OSFI) plays an essential role in building and preserving resiliency in Canada's financial system. OSFI's commitment to implementing the international Basel III Framework has strengthened Canadian banks and improved their ability to handle financial shocks, so they can continue to support economic growth whil...

In a statement issued by the Superintendent released on July 13, 2020, OSFI signalled a gradual restart of OSFI's policy development work in the fall of 2020. On August 31, 2020, OSFI announced in a series of letters issued to industry that it would unwind certain of the temporary measures put in place at the beginning of the pandemic, including a gradual phaseout of the special capital treatment of loan and insurance premium payment deferrals that was provided to banks and insurers. On December 12, 2020, OSFI announced that the domestic stability buffer would remain at one per cent of total ...