OSFI – Released two public consultations – 2023 updates to Basel Capital Adequacy Reporting (BCAR) and Leverage Requirement Returns (LRR)

May 4, 2021

BCAR and LRR 2023 Returns
BCAR collects data, and calculations, to determine the risk-based capital ratio of firms. Applicable to all banks, federal CUs, BHCs, federally regulated trust, and loan firms. LRR applies to all banks, BHCs, trust and loan firms, and cooperative retail associations. In addition, includes subsidiaries of federally regulated financial institutions (FRFI). Excludes foreign bank branches, small/medium-sized deposit-taking institutions (SMSB). For LRR, exposures to be consolidated groupwide across entities of reporting institution. Firms to rely on OSFI guidelines’ methodologies and calculations for BCAR and LRR reporting.

Public Comments, on BCAR and LRR consultations as proposed, due no later than July 9, 2021.

Client Impact:
PROPOSED BCAR Changes are extensive for reporting beginning Q1 2023.

For more information, visit www.osfi-bsif.gc.ca.

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