The revised rules include measures designed to curb risks in the housing market
But with growing regulation comes higher costs for companies — and small firms, in particular, are likely to struggle with these increasing expenses
Regulator revises FAQs
The planned changes aim to improve how mortgage insurers measure their capital positions and to position them to withstand losses
Planned revisions to the treatment of insured residential mortgages reflect changing risks
The delay will allow banks to focus on implementing certain new accounting standards first
The guide sets out the two phases of that application process and outlines the information that must be submitted in support of an application to the finance minister
Federal regulator releases overview of consultation findings
The new, principles-based guideline formalizes OSFI’s expectations for banks and insurers to address these risks
The federal financial services regulator plans to begin consultations with the industry this fall