Real estate secured lending and mortgage risks Of the mortgages outstanding as of February 2024, 76% will be coming up for renewal by the end of 2026. Canadian homeowners who will renew their mortgages during this time period could potentially face a payment shock. This payment shock will be most significant for homeowners who took out
Thanks for the kind introduction, Stuart. Before I begin, let me first acknowledge that we meet today on the traditional land of the Mississaugas of the Credit, the Anishinaabeg, the Chippewa, the Haudenosaunee, the Wendat peoples and the home to many diverse First Nations, Inuit, and Métis peoples. I am grateful to have the opportunity
OSFI’s Assistant Superintendent, Regulatory Response Sector, Tolga Yalkin delivers brief opening remarks at the panel discussion titled “The Evolving Regulatory Landscape Facing Credit Unions” at the Canadian Credit Union Association (CCUA) conference Good afternoon, Thank you for having me here in Calgary today. It’s a pleasure to participate in this panel on Canada’s evolving regulatory
To: All federally regulated financial institutions Pursuant to Section 3(2) of the Assessment of Financial Institutions Regulations, 2017 , the minimum base assessments applicable to federally regulated financial institutions will be adjusted as follows for the 2024/25 fiscal year (April 1, 2024 – March 31, 2025): Institution type 2023/24 minimum assessment 2024/25 minimum assessment a
Today, the Office of the Superintendent of Financial Institutions (OSFI) announced the second phase of the Standardized Climate Scenario Exercise (SCSE) consultation. The goals of the SCSE are to: increase financial institutions’ understanding of their potential exposures to climate-related risks; build institutions’ capacity to conduct climate scenario analysis and risk assessments; and measure the potential
