Regulatory Alerts2025-02-20
Pillar 3 Disclosure Guideline for Domestic Systemically Important Banks (D-SIBs) (2025)
The Office of the Superintendent of Financial Institutions (OSFI) requires Canadian domestic systemically important banks to implement standardized Pillar 3 disclosures by integrating Basel Committee on Banking Supervision Phases I through III into a unified domestic framework. D-SIBs must publish quantitative and qualitative data using prescribed fixed or flexible templates, adhere to specified reporting frequencies, and provide narrative commentary that explains significant risk changes and management responses. The guideline replaces the April 2017 requirements, mandates concurrent publication with financial statements, and allows signposting to separate documents while ensuring internal audit reviews maintain data reliability and market comparability.