Canada's Office of the Superintendent of Financial Institutions has used its second Quarterly Release of 2026 to publish a package of draft prudential updates on liquidity, capital, concentration and interest rate risk, while also revising its intervention guidance for deposit-taking institutions. The release is framed around sharper oversight of credit, liquidity and governance risks and a more deliberate approach to policy development, with measures aimed at clarifying requirements, keeping risk methodologies current and expanding transparency on crypto-asset exposures. The package includes a draft Liquidity Adequacy Requirements Guideline for 2027 and a draft Internal Liquidity Adequacy Assessment Process Guideline, which would clarify how institutions should assess, manage and report liquidity risk on a risk-based and proportionate basis and support more consistent supervisory review. Other proposals would update the capital and liquidity treatment of crypto-asset exposures, modernise Guideline B-2 on large exposure limits for small and medium-sized banks, amend Pillar 3 disclosure expectations for interest rate risk in the banking book and adjust Guideline B-12 so interest rate shock scenarios and methodologies remain aligned with international standards. Separately, OSFI updated the Guide to Intervention for Federally Regulated Deposit-Taking Institutions to reflect its expanded mandate on integrity and security and its risk appetite and Supervisory Framework, is introducing public disclosure of crypto-asset exposures as previously announced in Budget 2023, and has started analytical work on whether Minimum Capital Test insurance risk factors remain appropriate.
Office of the Superintendent of Financial Institutions2026-05-21
Canada's Office of the Superintendent of Financial Institutions issues draft liquidity capital and interest rate risk updates and revises intervention guide
The Office of the Superintendent of Financial Institutions published a draft prudential package covering liquidity, capital, concentration and interest rate risk, and revised its intervention guidance for federally regulated deposit-taking institutions, to sharpen oversight of credit, liquidity and governance risks and clarify requirements. Proposals include new Liquidity Adequacy Requirements and Internal Liquidity Adequacy Assessment Process Guidelines, updated capital and liquidity treatment and public disclosure of crypto-asset exposures, modernised large exposure limits for smaller banks, and amended interest rate risk disclosure and shock methodologies. OSFI also updated its Guide to Intervention to reflect its expanded mandate on integrity and security and has begun analytical work on the appropriateness of insurance risk factors.