Document sets out expectations for boards of directors of federally regulated financial institutions
The proposed amendments are designed to reflect market developments since 2004
Amendments will permit regulated non-bank institutions to use “generic bank terms”
The proposals following the latest changes to the banks’ leverage and capital requirements
The new rules consolidate the existing capital treatments, introduce new credit risk capital charges and include updated credit risk factors for securitized assets
Discussion paper proposes tweaks to better suit the Canadian banking market
The revised capital adequacy guideline for banks would take effect in Q1 2019
The new accounting rules that come into effect on Jan. 1, 2021 will have an impact on the capital rules for life and P&C insurers
The federal banking regulator will review the buffer on a semi-annual basis, with the first review slated for December 2018
The insurance environment and reinsurance practices have changed significantly over the past 10 years