Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), finalized a targeted change to its crypto capital rules allowing banks to fully recognize same-asset hedges across different regulated exchanges when maturities match. Delta and vega risk weights for Group 2a exposures remain at 100 percent, with a 94 percent within-bucket correlation parameter. Canada’s 5 percent gross exposure cap for Group 2 crypto assets relative to Net Tier 1 capital stays in place, with breach triggering stricter Group 2b treatment for all holdings. The guideline takes effect November 1, 2026 for institutions with an October 31 fiscal year-end and January 1, 2027 for those with a December 31 fiscal year-end.
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