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ARTICLE · 11 NOVEMBER 2025

OSFI Allows Greater Crypto Asset Exposure For Banks And Insurers

McMillan LLP
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In late October 2025, Canada's federal banking and insurance regulator – the Office of the Superintendent of Financial Institutions ("OSFI") – released updated guidance on how federally regulated financial institutions...

CanadaTechnology
Darcy Ammerman
Darcy Ammerman
Suzana Lobo
Suzana Lobo
Jerry Zi Yi Huang
Jerry Zi Yi Huang
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In late October 2025, Canada's federal banking and insurance regulator – the Office of the Superintendent of Financial Institutions ("OSFI") – released updated guidance on how federally regulated financial institutions ("FRFIs") are to treat crypto asset exposures for regulatory capital and liquidity purposes. These updates introduce targeted changes that ease certain restrictions on crypto asset exposures while preserving a prudent, risk-based approach.

OSFI's October 29, 2025 letter to industry amends two comprehensive guidelines detailing the capital treatment of crypto-asset exposures that OSFI published in February 2025 (see our prior bulletin here): "Capital and Liquidity Treatment of Crypto-Asset Exposures (Banking) – Guideline", and "Capital Treatment of Crypto-Asset Exposures (Insurance) – Guideline" and announces two important changes to the capital treatment of crypto asset exposures for FRFIs:

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The foregoing provides only an overview and does not constitute legal advice. Readers are cautioned against making any decisions based on this material alone. Rather, specific legal advice should be obtained.

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