Leverage Requirements (LR) Guideline - osfi-bsif.gc.ca

Therefore, beginning Q1 2015, the leverage ratio will replace the Assets to Capital Multiple (ACM). Until such time as updated versions of ... Skiptomaincontent Skiptosecondarymenu LeverageRequirements(LR)Guideline PageContent AlternativeFormats PDF, 138KB AccompanyingDocuments Guideline GuidelineImpactAnalysisStatement NewsRelease DocumentProperties TypeofPublication:Letter Date:October30,2014 Reference:GuidelineforBanks/BHCs/T&Ls/RetailAssociations To:       Banks BankHoldingCompanies FederallyRegulatedTrustandLoanCompanies CooperativeRetailAssociations OSFIisissuingthefinalversionoftheLeverageRequirements(LR)Guideline,whichtransposesleveragerequirementsissuedbytheBaselCommitteeonBankingSupervision(BCBS)intoOSFIguidanceappropriateforCanadianbanks,federallyregulatedtrustandloancompaniesandretailassociations.  OSFIdidnotreceiveanycommentsonthedraftguidelineduringtheconsultationperiodwhichendedonSeptember12,2014.However,changeshavebeenmadetothefinalguidelinetoreflectadditionalguidanceissued(intheformoffrequentlyaskedquestions)bytheBCBSonOctober 7,2014,aswellastocaptureminorchangesrelatedtotheleverageratioinotherjurisdictions.Also,inanefforttoconsolidateOSFIguidance,thetreatmentspecifiedintwocapitalrulingsrelatedtotheAssetstoCapitalMultiple(ACM)releasedin2011and2013havebeenincorporatedintheguideline. Thisguidelinewillbeeffectivethefirstquarteroffiscal2015.Therefore,beginningQ12015,theleverageratiowillreplacetheAssetstoCapitalMultiple(ACM).UntilsuchtimeasupdatedversionsofallexistingOSFIguidance(e.g.transactioninstructions)havebeenreleasedontheOSFIwebsite,institutionsshouldreplacereferencestotheACMwiththeleverageratio,unlessotherwisespecified. QuestionsontheLRguidelinemaybesenttoCatherineGirouard,Director,CapitalDivision([email protected]).  Yourstruly,   MarkZelmer DeputySuperintendent ModifiedDate: 2014-10-30 Secondarymenu RegulationandGuidance ActsandRegulations Guidance TableofGuidelines TableofAdvisories ApprovalsandPrecedents ApplicationandApprovalGuides RegulatoryandLegislativeAdvisories LegislativeRulings CapitalRulings NameRequest RiskAssessmentandIntervention SupervisoryPractices GuidetoIntervention TrustAgreements RegulatoryData FilingCorporateReturns FilingFinancialReturns ViewingFinancialData Anti-moneyLaunderingandCompliance Anti-moneyLaundering Anti-terrorismFinancing Sanctions Messages IndustryNotices WebTools WhoWeRegulate