The Office of the Superintendent of Financial Institutions (OSFI) is releasing the final version of its leverage ratio disclosure requirements guideline, the federal regulator has announced.
The guideline is being updated to reflect the latest changes to the banks’ capital adequacy regime, OSFI says in a letter to financial institutions.
Domestic systemically important banks (D-SIBs) and non-D-SIBs should implement the new disclosures in their reporting for the first quarter of 2019, says OSFI.
The guideline sets out the disclosure requirements for D-SIBs and non-D-SIBs, along with stipulations regarding the frequency and availability of these disclosures.
Global banking regulators developed leverage ratio requirements for banks as part of their response to the financial crisis, including public disclosure requirements that aim to facilitate market discipline for banks.