The Office of the Superintentiont of Financial Institutions (OSFI) introduced the measures cutten out risky lending “B-20 ” at the start of the year, and borrowers had to be tested on their ability to repay loans at 200 base points above their current rate.
The Office of the Superintendent of Financial Institutions (OSFI) introduced the measures to cut out risky lending, named “B-20”, at the start of the year, requiring borrowers to be tested on their ability to repay loans at 200 basis points above their current rate.