The Office of the Superintendent of Financial Institutions is postponing the implementation of new bank liquidity rules for another year, citing the slow progress in the rest of the world.

In a letter to financial institutions published Tuesday, OSFI says it has decided to push back domestic implementation of the net stable funding ratio (NSFR) standard to January 2020, citing, “implementation progress at the international level.”

OSFI indicated last year it was aiming to adopt the NSFR rules in 2019.

“OSFI remains committed to implementing the NSFR standard,” it says; adding, “Once in force, the NSFR rules will play an important role in determining the liquidity adequacy of financial institutions.”