Regulator publishes paper on Basel II guidelines
Financial institutions’ reputations, operations at risk, office says
Sign agreement to exchange information
Says federally regulated financial institutions may do so directly under certain conditions
Three reporting periods to ignore new accounting requirements
Revisions will affect treatment of preferred shares, Tier 1 capital
Would bring them more in line with U.S., European practices
Outlines responsibilities during insurance company amalgamations
Will aid regulator in its role of overseeing financial institutions
Revision includes changes to segregated fund guarantee risk