On Sep. 10, 2026, C-OSFI published the final Capital and Liquidity Treatment of Crypto-asset Exposures (Banking) Guideline and background info as part of wider quarterly release, see #312537.
Following feedback, the final guideline includes a revision to exclude exposures arising from client-clearing activities from the Group 2 exposure limit.
Also includes a revision to recognize cross-exchange hedging for Group 2a crypto-assets traded on regulated exchanges.
The final guideline takes effective on Nov. 1, 2026 or Jan. 1, 2027 for institutions with a fiscal year ending Oct. 31 or Dec. 31, respectively.
On May 21, C-OSFI proposed revisions to bank guidelines re crypto exposures.
C-OSFI launched public consultation on the draft revisions to the Capital and Liquidity Treatment of Crypto-asset Exposures (Banking) Guideline.
Highlights
Updates guideline introduced in Q1 2026 to reflect developments in crypto market, while maintaining prudent capital and liquidity treatment based on underlying risks.
Focuses on allowing cross-exchange hedging for regulated crypto-assets (Group 2a).
Enables institutions to fully offset positions in the same crypto-asset across different regulated exchanges for capital purposes.
Effectiveness
Final guideline will come into force on Nov. 1, 2026 or Jan. 1, 2027 for institutions with a fiscal year ending Oct. 31 or Dec. 31, respectively.
Consultation
Comments must be submitted by Jul. 20, 2026.
Sep. 2026 C-OSFI Final Guideline
On Sep. 10, 2026, C-OSFI published the final Capital and Liquidity Treatment of Crypto-asset Exposures (Banking) Guideline and background info as part of wider quarterly release, see #312537.
Following feedback, the final guideline includes a revision to exclude exposures arising from client-clearing activities from the Group 2 exposure limit.
Also includes a revision to recognize cross-exchange hedging for Group 2a crypto-assets traded on regulated exchanges.
The final guideline takes effective on Nov. 1, 2026 or Jan. 1, 2027 for institutions with a fiscal year ending Oct. 31 or Dec. 31, respectively.
