Live Updates
🇨🇦 OSFI News Urgency: high Significant

Backgrounder: Insurance regulatory returns update due to IFRS 18

Backgrounder: Insurance regulatory returns update due to IFRS 18

Why this matters

OSFI has published final (not draft) regulatory return templates mandating updated reporting formats for federally regulated insurers effective January 1, 2027 (or November 1, 2027 for October 31 fiscal year-ends).

Insurance
🇨🇦 OSFI News Urgency: high Significant

Backgrounder: Final Mortgage Insurer Capital Adequacy Test (MICAT) 2027

Backgrounder: Final Mortgage Insurer Capital Adequacy Test (MICAT) 2027

Why this matters

This is a final regulatory update from OSFI establishing new mandatory capital requirements under MICAT 2027. It introduces a new low-rise multi-unit residential construction category and adjusts risk weights (150% to 130% for low-rise; 150% maintained for high-rise), creating binding obligations for all mortgage...

Insurance

Superintendent Peter Routledge participates in a fireside chat at the 2026 Scotiabank Financials Summit

Superintendent Peter Routledge participates in a fireside chat at the 2026 Scotiabank Financials Summit

Why this matters

This is a fireside chat speech by OSFI's Superintendent discussing recent policy decisions (DSB lowered from 3.5% to 3.0%, range reduced to 0-3%), capital framework modernization, and supervisory focus areas.

BankInsurance

Save the date: OSFI’s third Quarterly Release Day and Industry Day of 2026

Save the date: OSFI’s third Quarterly Release Day and Industry Day of 2026

Why this matters

The content is a save-the-date notice for OSFI's September 2026 Quarterly Release Day and Industry Day. While the agenda references several substantive topics (final CAR Guideline 2027, crypto-asset capital treatment, appointed actuary peer review, data collection modernization, and cyber threats), the document itself...

BankInsurance

Independent review supports 32nd Actuarial Report on the Canada Pension Plan

Independent review supports 32nd Actuarial Report on the Canada Pension Plan

Why this matters

This is an informational news release about the independent review of Canada's 32nd Actuarial Report on the CPP. It focuses on pension system sustainability, actuarial reporting standards, and disclosure enhancements.

All Firms
🇨🇦 OSFI News Urgency: low

Superintendent Peter Routledge participates in National Bank Annual Conference 2026 fireside chat

Superintendent Peter Routledge participates in National Bank Annual Conference 2026 fireside chat

Why this matters

This regulatory update from OSFI discusses capital requirements, housing market risks, and private credit exposures for banks and insurers in Canada. It provides an overview of OSFI's approach to balancing prudential oversight and regulatory efficiency.

BankInsurance

Superintendent Routledge participates in a fireside chat at the 2026 CatIQ conference

Superintendent Routledge participates in a fireside chat at the 2026 CatIQ conference

Why this matters

This regulatory update from OSFI discusses climate risk management and reporting requirements for financial institutions, particularly banks and insurers. It provides insights into OSFI's priorities and approach to supervising climate-related financial risks.

BankInsurance