Federal regulator releases overview of consultation findings
The new, principles-based guideline formalizes OSFI’s expectations for banks and insurers to address these risks
The federal financial services regulator plans to begin consultations with the industry this fall
Carolyn Rogers currently serves the CEO of British Columbia’s Financial Institutions Commission
OSFI official says regulator will focus on “risk culture” at financial firms
The proposed changes would apply to federally regulated banks that use internal ratings-based approach to credit risk
Technology, environmental, and social issues, will pose ongoing challenges for the industry
The new guideline will replace the existing life insurance capital test guideline
Action intended to protect depositors and creditors after German regulator shuts down bank
The draft guideline sets out the federal banking regulator’s expectations for disclosure of credit and market risk under Basel III