Boards must be effective and independent
OSFI says nomination would not contravene Insurance Companies Act
Banks not allowed to supply info on customer credit worthiness
Changes affects life insurers, fraternal benefit societies
OSFI head addresses Senate banking committee
"Advance Fee" scams using names of government bodies
Will roll out confidential ratings later this year
Coping with regulatory risk figures prominently in proposed guideline
Scope widened to include life insurers