Overall stakeholders are happy with federal banking regulator
Six banks designated of domestic systemic importance; will face capital surcharge
Revision represents a principles-based approach to managing earthquake exposure
Consumers warned not to provide personal information through website
Andrew Kriegler named assistant superintendent, supervision
The most significant changes are in the areas of board effectiveness at federally regulated financial institutions
Regulator expects to make announcement within a few months
Revisions reflect a new treatment of net defined benefit pension plan liabilities
The industry is less likely to reach consensus on a set of accounting standards that’s appropriate for every country
New Canadian guidelines take effect Jan. 1, but other jurisdictions face delays implementing Basel III