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Canada, Global - October 25 2012
On October 11, 2012 the Basel Committee on Banking Supervision, working with the Financial Stability Board, finalized and released its twelve principles for the assessment methodology and higher loss absorbency requirements for domestic systemically important banks.
Canada - August 21 2012
The Office of the Superintendent of Financial Institutions (OSFI) has released for comment a draft revised Corporate Governance Guideline (Draft Guideline)
Canada - July 13 2012
In July 2010 the federal Government established a legislative framework for the creation of federal credit unions and to permit provincial credit unions to continue voluntarily as federal credit unions under the Bank Act.
Canada, Global - March 15 2012
On February 16, 2012 the Financial Action Task Force (FATF) released revised FATF Recommendations, which re-organize and streamline the original FATF Forty Recommendations on international anti-money laundering (AML) standards and the Eight (later expanded to Nine) Special Recommendations on Terrorist Financing and introduce some important changes.
Canada - November 21 2011
On November 7, 2011 the Department of Finance (Canada) released its Consultation Paper on Proposed Amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations on Ascertaining Identity (the Consultation Paper).
