Canada’s Office of the Superintendent of Financial Institutions publishes December 3 Industry Day agenda on prudential updates

Canada’s Office of the Superintendent of Financial Institutions (OSFI) has published the agenda for a virtual Industry Day on Dec. 3, 2026, following regulatory releases scheduled for Nov. 19. Participants will be able to discuss the quarterly measures with OSFI experts. Sessions will address proposed changes to the Capital Adequacy Requirements Guideline for 2028 aimed at reducing unnecessary complexity while maintaining strong capital standards, and proposed covered bond limit revisions intended to support competition and institutions’ evolving funding needs while retaining prudential safeguards. The agenda also includes final Pillar 3 disclosure guidelines for interest rate risk in the banking book, with explanations of changes following consultation and when expectations take effect. This follows OSFI’s September finalization of revised interest rate risk management expectations under Guideline B-12, which removed duplicate disclosure requirements in favor of the Pillar 3 framework. A separate session will review feedback on the Credit Risk Management Guideline consultation and next steps, particularly for institutions involved in mortgage and commercial real estate lending. For institutions and entities participating in consumer-driven banking, OSFI will explain a targeted amendment to Guideline B-10, including reliance on Government of Canada accreditation and responsibilities for residual operational resilience, data integrity and cyber risks. Broader coverage in the second climate reporting cycle will inform a discussion of physical and transition risk findings, their use in supervision and updated Climate Risk Returns.