Alberta Purchasing #AB-2026-07472

Consulting Services for Composite Risk Ratings of ATB Financial

The Government of Alberta seeks consulting support to assess the consolidated financial and operational risks of ATB Financial and its subsidiaries. - Buyer: Treasury Board and Finance, Government of Alberta; the work supports the Superintendent’s staff. - Scope: Plan, conduct, and report composite risk assessments and ratings of ATB Financial and its subsidiaries on a consolidated basis. - Assessment focus: Whether the organization operates safely and soundly, maintains a sound financial position, and follows sound business and financial practices. - Framework and transition: Apply key principles and concepts from the Office of the Superintendent of Financial Institutions (OSFI)’s former Composite Risk Rating (CRR) framework, and support, train, and guide the Superintendent’s staff as they transition to an Own Risk Rating (ORR) approach. - Named organizations: ATB Financial, Treasury Board and Finance, Government of Alberta, and OSFI. No consulting vendor or OEM is identified.

Description

The solicitation seeks independent consultants to plan, conduct, and report composite risk assessments and ratings for ATB Financial and its subsidiaries on a consolidated basis. The assessments will evaluate whether they operate safely and soundly, maintain a sound financial position, and follow sound business and financial practices. The work must follow key principles and concepts of OSFI’s prior CRR-based supervisory framework. Consultants must also support, train, and guide the Superintendent’s staff as they transition from OSFI’s CRR methodology to a new ORR approach.

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