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ARTICLE · 14 MARCH 2012

Revised OSFI Guideline B-6 – Liquidity Principles

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The Office of the Superintendent of Financial Institutions ("OSFI") has released a final version of revised Guideline B-6 – Liquidity Principles ("Guideline").

CanadaFinance and Banking
Jeffrey Graham
Jeffrey Graham
Jenna Grant
Jenna Grant
Stephen Redican
Stephen Redican
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BACKGROUND

The Office of the Superintendent of Financial Institutions ("OSFI") has released a final version of revised Guideline B-6 – Liquidity Principles ("Guideline"). The Guideline has been updated to incorporate the principles set out in the Basel Committee on Banking Supervision ("BCBS"), Principles for Sound Liquidity Risk Management and Supervision (2008) (BCBS "Principles").

In early 2009, OSFI had released an advisory stating its expectations concerning the adoption by banks and other deposit taking institutions' ("DTIs") of the updated BCBS Principles. At that time, OSFI noted its expectation that, in addition to meeting the minimum standards of the existing Guideline, DTIs should also comply with the BCBS principles.

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