On April 4, 2020, the Basel Committee on Banking Supervision (Basel Committee) announced new measures aimed at alleviating the impact of COVID-19 on the global banking system. The Office of the Superintendent of Financial...more
On March 27, 2020, and March 30, 2020, the Office of the Superintendent of Financial Institutions (OSFI) announced additional measures to support the financial and operational resilience of federally regulated financial...more
At close of business on March 13, 2020, the Office of the Superintendent of Financial Institutions (OSFI), Canada’s prudential regulator, announced several actions to support the stability of the Canadian financial system in...more
On March 19, 2019, the Government of Canada released its 2019 budget plan (2019 Budget) before the federal election later this year. The 2019 Budget includes several proposals that impact federally regulated financial...more
In 2018, financial institutions in Canada witnessed yet another year of significant expansion in legislation and regulatory guidance impacting their operations....more
2017 marked another year of prodigious development of legislation and regulatory guidance impacting federal financial institutions in Canada.
The new wave of initiatives in 2017 included the second stage of the...more
2/8/2018
/ Anti-Money Laundering ,
Banking Sector ,
Banks ,
Canada ,
Corporate Governance ,
Department of Finance ,
Economic Sanctions ,
FCAC ,
Financial Institutions ,
IFRS ,
Marijuana ,
Mortgages ,
OSFI
2014 was a year replete with new legislative and regulatory initiatives impacting federally regulated financial institutions. The key initiatives introduced or implemented in 2014 are outlined in our annual year in review....more
1/21/2015
/ Anti-Money Laundering ,
Banking Sector ,
Banks ,
Canada ,
Capital Requirements ,
Compliance ,
Corporate Governance ,
Derivatives ,
FATCA ,
FCAC ,
Global Systemically Important Banks (G-SIBs) ,
International Monetary Fund ,
Life Insurance ,
Liquidity Coverage Ratio ,
Mortgage Insurance ,
OSFI ,
Payment Systems ,
Prudential Regulation Authority (PRA) ,
Russia ,
Sanctions ,
Ukraine