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ARTICLE · 22 JULY 2014

OSFI Releases Final Liquidity Adequacy Requirements Guideline – And Other Related Developments

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The LAR Guideline deviates very little from the draft; no significant modifications to the substantive components were introduced.

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I. Introduction

In November 2013, the Office of the Superintendent of Financial Institutions Canada ("OSFI") released the draft Liquidity Adequacy Requirements Guideline ("LAR Guideline"). The content and requirements of the draft were discussed at length in our January 2014 financial services bulletin. On May 30, 2014 OSFI published the finalized LAR Guideline. This bulletin reviews the differences from the draft and the material points of clarification provided by OSFI, and reviews recent related developments.

The LAR Guideline deviates very little from the draft; no significant modifications to the substantive components were introduced. OSFI responded to particular comments and questions that were proposed during the comment period. To the extent revisions were made, they primarily provide greater clarity and, in the rare case, correct a relatively minor oversight.

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