Industry news

CDIC helps members understand data and system requirements testing timelines

Industry news

OTTAWA – February 20, 2020 – CDIC published a new Certification and Testing Approach document on our website to help Member Institutions understand the process to be followed by CDIC this year when testing for compliance with our Data and Systems Requirements By-law (DSRB).

The by-law requires members to implement a method of identifying, capturing, organizing, and producing deposit liability data. The objective is to ensure that in the event of failure, the Member Institution has certain data readily available and organized properly to allow CDIC to undertake a resolution.

The new Certification and Testing Approach 2020 document contains information on timelines related to deposit data extraction, submission, testing and feedback to the Member Institutions.

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For further information:

Brad Evenson
Director, Communications and Public Affairs
Tel: 613.943.4395
E-mail: media@cdic.ca

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