Regulator warns firms to be wary of “introducers”
Actuarial policy liabilities in insurance companies and pension liabilities in Canadian corporations are often not subject to sufficient independent scrutiny says Nicholas Le Pan, superintendent, Office of the Superintendent of Financial Institutions.Speaking at the general meeting of the Canadian Institute of Actuaries today in Montreal, Le Pan noted that insurers’ actuarial policy liabilities and corporate […]
Financial institutions still required to freeze Saddam Hussein assets
A number of “problem” financial institutions remain on OSFI watch list
Regulator releases annual report
Transfer makes better use of unit’s expertise
The Office of the Superintendent of Financial Institutions has released a new earnings disclosure guideline for life insurance companies.OSFI released a draft of the new guideline that establishes OSFI’s expectations for source of earnings disclosure in annual public financial statements for federally regulated life insurers. It is intended to be a supplement to the disclosure […]
Regulator publishes paper on Basel II guidelines
Financial institutions’ reputations, operations at risk, office says
Sign agreement to exchange information