HISA ETFs might not be dead yet | Wealth Professional

Nov 1, 2023 · The Office of the Superintendent of Financial Institutions (OSFI) announced yesterday they would be upholding a 100% liquidity requirement for high interest savings …

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HISA ETFs Might Not Be Dead Yet | Wealth Professional

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Nov 1, 2023 · The Office of the Superintendent of Financial Institutions (OSFI) announced yesterday they would be upholding a 100% liquidity requirement for high interest savings …

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OSFI Upholds 100% Liquidity Requirement For HISA ETFs To …

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Oct 31, 2023 · The Office of the Superintendent of Financial Institutions (OSFI) remains committed to core liquidity adequacy principles, which promote the prudential stability of, and …

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OSFI Upholds 100% Liquidity Requirement For HISA ETFs To

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Oct 31, 2023 · This approach, fully described in Basel III, is supported by the 100% liquidity requirement for wholesale funding that can be withdrawn by other financial institutions on …

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HISA ETFs Might Not Be Dead Yet - Burkett Insights

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Nov 16, 2023 · The Office of the Superintendent of Financial Institutions (OSFI) announced yesterday they would be upholding a 100% liquidity requirement for high interest savings …

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OSFI Mandates 100% Liquidity For HISA ETFs | Wealth Professional …

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The Office of the Superintendent of Financial Institutions (OSFI) has mandated a 100% liquidity requirement for high interest savings account (HISA) ETFs, effective from January 31, 2024.

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FAQs about HISA ETFs might not be dead yet | Wealth Professional Coupon?

What does OSFI mean for Hisa ETFs?

A ruling made on October 31st by the Office of the Superintendent of Financial Institutions (OSFI) takes effect today, shifting HISA ETFs liquidity requirements up from the roughly 40 per cent runoff rate that banks had previously maintained for HISA assets. ...

Is there a liquidity requirement for high interest savings account (Hisa) ETFs?

The Office of the Superintendent of Financial Institutions (OSFI) announced yesterday they would be upholding a 100% liquidity requirement for high interest savings account (HISA) ETFs. ...

Will OSFI confirm a wholesale liquidity treatment for Hisa ETFs?

As a result of its review, OSFI said, it may decide to confirm a wholesale liquidity treatment for HISA ETFs and similar products – a possibility that the industry should be prepared for. ...

Why is OSFI reviewing liquidity adequacy requirements?

OSFI announced in May that it was reviewing banks’ liquidity adequacy requirements to determine whether new categories of wholesale funding are needed “to appropriately reflect the risks” of products such as HISA ETFs, which have been enormously popular over the last 18 months. ...

How does OSFI treat wholesale funding sources?

After a thorough and extensive consultation, OSFI has decided to uphold those principles by maintaining the liquidity treatment of wholesale funding sources with retail-like characteristics, such as high-interest savings account exchange-traded funds (HISA ETFs). ...

Are Hisa ETFs a good investment under new liquidity rules?

Even under the new liquidity rules, TD Securities said HISA ETFs maintain certain advantages over competing products while interest rates are high. Most banks offer less than 3% on high-interest savings accounts, the report said, while investors sacrifice liquidity when they buy GICs. ...