OSFI is well positioned to implement new capital rules
Compliance costs will be substantial
Warns of funding shortfall
Paper summarizes current initiatives
Among a host of initiatives, federal government looks to increase deposit insurance, reduce overlap between federal regulators and boost efforts to fight money laundering
The Office of the superintendent of Financial Institutions has issued a draft guideline setting out the capital adequacy framework for insurance holding companies and non-operating life companies.OSFI’s framework for assessing the capital adequacy of a holding company compares capital available with a capital-risk metric. In this assessment, the holding company includes the consolidated operations of […]
SOE disclosure intended to supplement existing accounting rules
Comments due by January 7
Too many detailed rules can be counter productive, regulator says
New guideline in effect for fiscal 2005