Asks industry associations to report on preparedness initiatives
The Office of the Superintendent of Financial Institutions is doing a good job overall, but there is room for improvement, according to a report published by the regulator today. The report outlines the results of consultations with the pension industry. It found that while OSFI is viewed as effective in the overall discharge of its […]
Canadian women aged 65 can look forward to another 20 years
OSFI head laments “new rule overload”
The Office of the Superintendent of Financial Institutions has published its criteria for banks that use the standardized approach to operational risk under the new Basel capital rules.Under the new Basel framework, an institution wishing to implement the “standardized approach” to operational risk must meet certain qualifying criteria to the satisfaction of its national supervisor […]
OSFI encourages banks to review paper
72% of DB plans less than fully funded: OSFI
No change to Canadian implementation date
OSFI head sees need for ongoing awareness and training at all levels
Companies must disclose any finite reinsurance agreements to OSFI