OSFI reminds firms to consider associated risks
Revisions aim to bring OSFI guidelines into line with reforms adopted by Basel Committee
Comments sought on draft advisory
The proposed restrictions could hinder the risk management practices of foreign banks, and hurt the liquidity of certain markets
OSFI aims to develop rules that are more risk-sensitive
Banks expected to implement Basel remuneration disclosure requirements starting with the 2012 fiscal year-end
OSFI urges firm to be diligent in ensuring they don't violate prohibitions
Low interest rates and higher market volatility mean future returns may differ greatly from today’s pricing assumptions
OSFI issues alert on proposed FSB mortgage underwriting principles
The objective of these latest revisions is to adopt more appropriate risk-based guidance in several areas