Amid continued high interest rates, elevated stress in the financial system and financial benchmark reform, the Office of the Superintendent of Financial Institutions (OSFI) is consulting on proposed changes to banks’ liquidity rules. The federal financial regulator launched a public consultation on its liquidity guideline, including proposed changes to intra-day liquidity monitoring tools, new monthly reporting requirements, and revisions to the treatment of bankers’ acceptances in the wake of benchmark reform (as the Canadian dollar offered rate — CDOR — is phased out). OSFI said the proposed changes will, among ... (full story)