Letter outlines implementation of Basel III for first and second quarters of 2013
A “simpler” solution won’t work, says Dickson
OSFI outlines anticipated reforms to corporate governance, capital requirements
Changes to the capital rules for P&C insurers aim to improve their ability to capitalize against earthquakes
Banks must start providing better disclosure in Q1 2013
OSFI to levy fees to cover the cost of licensing and providing ongoing supervision of pooled registered pension plans
Guideline reflects Basel reforms
Revisions reflect developments in international standards
About two-thirds of insurers would see decreases in their assessments
Existing capital rules do not adequately provide for group policies where there is a sharing of risk between the insurer and the policyholder