Final implementation phases of margin requirements for non-centrally cleared derivatives deferred

The Basel Committee and the International Organization of Securities Commissions have deferred the final two implementation phases of the framework for margin requirements for non-centrally cleared derivatives by one year.  Covered entities with an aggregate average notional amount (AANA) of non-centrally cleared derivatives greater than €50 billion will now need to comply with the margin […]

Canada: Capital treatment of federal programs to support COVID-19 efforts

The Office of the Superintendent of Financial Institutions (OSFI) has directed on how deposit-taking institutions (DTIs) should treat new capital they make available to small and medium-sized enterprises through recently announced government programs. The capital treatment for each program is as follows: i) Canada Emergency Business Account: DTIs taking on these loans can exclude them […]

Canada: Prudential regulator consults on tailored capital and liquidity requirements for small banks

The Canadian prudential regulator (OSFI) has published a consultative document on advancing proportionality in the capital and liquidity regime for small and medium-sized banks.  The document includes an overview of feedback that OSFI received in response to its July 2019 discussion paper. The document also outlines changes that are proposed to the capital and liquidity […]