Institution

Published

Title and Brief Summary

Status

OSFI
[Applicable to insurance companies]

Issued – Sept 24, 2014

Interim Capital Requirements for Mortgage Insurance Companies
The advisory describes the regulatory capital framework federally regulated mortgage insurance companies will use on an interim basis beginning in 2015. The interim capital framework is a modified version of the Minimum Capital Test (MCT) for property and casualty insurers that will be in effect until a new capital framework for mortgage insurers is in place.

Effective January 1, 2015

OSFI
[Applicable to insurance companies]

Issued – Sept 24, 2014

Minimum Capital Test for Federally Regulated Property and Casualty Insurance Companies
This is the final version of the revised Minimum Capital Test, which follows a thorough review of P&C risks
and an extensive consultation process. The guideline provides for a more robust risk-based test that further aligns capital requirements to the level of risk faced by the P&C industry.

Effective January 1, 2015

OSFI
[Applicable to banks, bank holding  companies, cooperative  retail associations, and trust and loan companies]

Issued – Sept 22, 2014

D-12 Public Disclosure Requirements related to Basel III Leverage Ratio
The final version of the guideline provides clarification on the implementation of the Basel Committee on Banking Supervision’s leverage ratio disclosure requirements.

Effective January 1, 2015

OSFI
[Applicable to DTIs using the Basel Standardized Approach to
Credit Risk]

Issued – Sept 19, 2014

Internal capital adequacy assessment process (ICAAP)
The purpose of this communication is to highlight the key changes in ICAAP expectations for 2014, including the establishment of a Leverage Ratio target to replace the Assets to Capital Multiple target.

Effective

Expertise

Financial Services Sectors
Regulatory