The Reporter provides a monthly summary of Canadian federal legislative and regulatory developments of relevance to federally regulated financial institutions. It does not address Canadian provincial financial services legislative and regulatory developments, although this information is tracked by BLG and can be provided on request. In addition, purely technical and administrative changes (such as changes to reporting forms) are not covered.

December 2014

Institution

Published

Title and Brief Summary

Status

OSFI
[Deposit-Taking Institutions]

Issued – Dec 19, 2014

Revised Covered Bond Limit Calculation
The revisions reflect the adoption of the Leverage Ratio and define how total assets are to be calculated using select data points from the Leverage Requirements Return and the Basel Capital Adequacy Return.

Effective

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

Issued – Dec 10, 2014

Guideline A - Capital Adequacy Requirements (CAR) 2014
OSFI is issuing an amended version to remove references to the Assets to Capital Multiple, to incorporate material from two advisories released in 2013, to correct the ranges of CET1 ratios to which the capital conservation ratios apply for D-SIBs, to provide clarifications on the deduction treatment of synthetic holdings, and to reflect previously communicated guidance related to client- cleared trades with central counterparties.

Effective the first quarter of fiscal 2015

Expertise

Financial Services Sectors
Banking and Financial Services
Regulatory