On Sep. 10, 2026, C-OSFI finalized Guideline B-12 and letter, entitled, Sound Business and Financial Practices, as part of wider quarterly release, see #312537, after feedback received did not require changes.
Guideline B-12 becomes effective on Nov. 1, 2026, for institutions with an Oct. 31 fiscal year-end, and until Jan. 1, 2027, for institutions with a Dec. 31 fiscal year-end.
On May 21, C-OSFI consultation re guideline B-12 interest rate risk.
Expand time-series to calibrate shocks from Dec. 2015 to Dec. 2023; capture volatility.
Consultation
Stakeholders can share feedback until Jul. 20, 2026; guideline comes into effect on Nov. 1, 2026, or Jan. 1, 2027, for fiscal year ending Oct. 31 or Dec. 31, respectively.
Sep. 2026 C-OSFI Effectiveness
On Sep. 10, 2026, C-OSFI finalized Guideline B-12 and letter, entitled, Sound Business and Financial Practices, as part of wider quarterly release, see #312537, after feedback received did not require changes.
Guideline B-12 becomes effective on Nov. 1, 2026, for institutions with an Oct. 31 fiscal year-end, and until Jan. 1, 2027, for institutions with a Dec. 31 fiscal year-end.
