On March 27, 2020, the Office of the Superintendent of Financial
Institutions (OSFI) announced a number of sector-specific measures
to support federally regulated banks, insurers and private pension
plans. The regulatory adjustments include changes to regulatory
capital, liquidity and reporting requirements. OSFI introduced
these measures in three targeted industry letters to provide
sectors the flexibility to address evolving economic
conditions.
Key Measures for Federally Regulated Deposit Taking
Institutions (DTIs)
- Loans (mortgage, small business,
retail, mid-market capital) subject to payment deferrals are not
considered past due or delinquent and are afforded the same capital
treatment as performing loans. The temporary capital treatment will
remain for the duration of the payment deferral, up to a maximum of
6 months.
