Independence of thought key to avoid getting caught up in ideological fashions
Drop due to decline in the value of pension plan assets
Transition to international financial reporting standards is another key priority
The Office of the Superintendent of Financial Institutions is issuing a draft advisory that sets out its view on the capital treatment of reverse mortgages.OSFI notes that it has been asked to express a view on the capital treatment that would apply to reverse mortgages held by a federally regulated deposit taking institution.“Reverse mortgages more […]
Banks told to incorporate adverse outcomes in their planning
The regulator’s representative office will remain open in Canada to assist clients recover troubled assets
Amendments are designed to ensure that guidelines are consistent with the disclosure requirements and terminology of the new accounting standard
Supervisory framework should reflect lessons from global turmoil
Regulatory changes coming into effect next year will affect some individuals and businesses with cross-border policies
Canadian banks better positioned than most to deal with “second wave” of economic downturn