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.
July 2014
| Institution | Published | Title and Brief Summary | Status |
|
OSFI [Applicable to banks, retail associations, and trust and loan companies] |
Leverage Requirements (LR) Draft Guideline The draft Leverage Requirements Guideline transposes leverage requirements issued by the Basel Committee on Banking Supervision (BCBS) into OSFI guidance. |
Effective January 1, 2015 |
|
|
OSFI [Applicable to banks] |
The publication sets out a common disclosure framework to ensure that LCR information is publically disclosed in standardized formats across and within jurisdictions to help users consistently assess a bank's liquidity risk position specific to the LCR. |
Effective beginning with the Q2, 2015 reporting period. |
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
