The Office of the Superintendent of Financial Institutions (OSFI) in Canada has launched a public consultation on the regulation of capital and liquidity treatment for crypto assets' risk.

Odaily News According to an official announcement, the Office of the Superintendent of Financial Institutions (OSFI) of Canada has proposed changes to its capital and liquidity framework for crypto assets to reflect the evolving risk environment and international developments.



OSFI has today released two draft guidance documents on the regulatory capital treatment of crypto asset risks, one for federally regulated deposit-taking institutions and the other for insurance companies.



The Basel Committee on Banking Supervision published new banking standards for crypto asset exposures in December 2022. In response, OSFI has taken this opportunity to draft a more detailed guidance for Canada.



These two draft guidance documents will be open for public consultation until September 20, 2023, and will replace the interim consultation paper on the regulatory treatment of crypto asset risks published in August 2022, with an effective date in early 2025.