The Office of the Superintendent of Financial Institutions is developing a comprehensive Credit Risk Management (CRM) Guideline that would consolidate and streamline its existing credit risk management expectations into a single document, incorporating international best practices and addressing evolving risks such as non-bank financial intermediation (NBFI) and counterparty credit risk. The CRM Guideline is intended to bring together expectations currently spread across multiple guidelines, notices, advisories, and letters, including real estate secured lending expectations now set out in Guideline B-20 and related communications. OSFI signalled that the consolidated approach is meant to reduce compliance burden, close regulatory gaps, and support more efficient supervision. Consultation will be phased, with feedback requested on the consultation document by 29 July 2026. Subsequent releases are planned for draft chapters covering overarching principles aligned with international standards, wholesale credit risk management, NBFI and counterparty credit risk (drawing on Financial Stability Board recommendations and Basel Committee on Banking Supervision practices), and real estate secured lending.
Office of the Superintendent of Financial Institutions 2026-01-29
Office of the Superintendent of Financial Institutions opens consultation on a consolidated Credit Risk Management Guideline with input due 29 July 2026
The Office of the Superintendent of Financial Institutions is creating a Credit Risk Management Guideline to consolidate expectations, incorporate international best practices, and address evolving risks like non-bank financial intermediation and counterparty credit risk. Feedback is invited by 29 July 2026, with draft chapters on overarching principles, wholesale credit risk management, and real estate secured lending to follow.