TBF27-559 Composite Risk Rating for ATB Financial

The Minister is responsible for the regulation and supervision of ATB Financial which is Alberta’s largest provincially regulated financial institution. The Superintendent wishes to conduct composite risk ratings on ATB to assess whether ATB and its subsidiaries are operating in a safe and sound manner, maintaining a sound financial position, and following sound business and financial practices. Considering the continued growth in size and complexity of the financial services and products offered by ATB and its subsidiaries, the Superintendent wishes to engage independent consultants to plan, conduct, and report on risk assessments and ratings for ATB and its subsidiaries, on a consolidated basis. The Superintendent requires the consultants to conduct the risk assessments and ratings following the key principles, risk assessment concepts, and general approach employed by the federal OSFI, as described within OSFI’s prior supervisory framework based on CRR, and provide support, training and guidance to the Superintendent's staff for transitioning from OSFI's CRR methodology to their new ORR approach.