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Results: 1-10 of 10

Final guideline for Basel III implementation now in effect

  • Davis LLP
  • -
  • Canada, Global
  • -
  • May 6 2013

The Office of the Superintendent of Financial Institutions ("OSFI") issued the 'final' version of its Capital Adequacy Requirements Guideline (the

Domestic systemically important banks: a new framework for assessment and loss absorbency

  • Fasken Martineau DuMoulin LLP
  • -
  • 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

The implementation of the new non-viability contingent capital requirements of the Basel III rules

  • Davis LLP
  • -
  • Canada, Global
  • -
  • May 15 2012

In August 2011, the Office of the Superintendent of Financial Institutions (Canada) (“OSFI”) released its Final Advisory (the “OSFI Advisory”) on non-viability contingent capital

ISDA supports OBA proposal on cash collateral priority

  • Stikeman Elliott LLP
  • -
  • Canada, Global
  • -
  • May 14 2012

Last week, the International Swaps and Derivatives Association released a letter it submitted to the Ontario government in support of the Ontario Bar Association's proposal to provide an automatic first priority ranking to financial institutions that have a security interest in cash in financial accounts perfected by control

Bank of Canada and OSFI heads provide insight on regulatory reform; Mark Carney endorsed as next head of G-20’s Financial Stability Board

  • Heenan Blaikie LLP
  • -
  • Canada, Global
  • -
  • October 6 2011

In the aftermath of the 2008 financial crisis, the G-20 empowered the Financial Stability Board (“FSB”) with coordinating the overhaul of international banking regulations

OSFI's final advisory on non-viability contingent capital

  • Fasken Martineau DuMoulin LLP
  • -
  • Canada, Global
  • -
  • September 1 2011

On August 16, 2011 the Office of the Superintendent of Financial Institutions (Canada) ("OSFI") released its final Advisory Non-Viability Contingent Capital (the "Advisory"), marking the latest development in Canada's implementation of Basel III

Clearing become clearer: OSFI releases timeline for implementing Basel III central counterparty reforms

  • McMillan LLP
  • -
  • Canada, Global
  • -
  • February 7 2011

Recently, as part of the Basel III reforms, the Basel Committee on Banking Supervision (the "BCBS") proposed some significant changes to the regulatory capital requirements for banks exposed to central counterparties ("CCPs") and their default funds that will provide strong incentives for banks to use only CCPs that meet rigorous new standards

Basel Committee requires non-common capital instruments to be convertible into common shares

  • Torys LLP
  • -
  • Canada, Global
  • -
  • January 13 2011

Earlier today, the Basel Committee released new minimum requirements specifying that all capital instruments issued on or after January 1, 2013 must contain provisions that require them to be converted into common shares if the relevant regulator determines that the bank is no longer viable

Executive pay packages: compensation planning in light of increased scrutiny

  • Gowling Lafleur Henderson LLP
  • -
  • Canada, Global
  • -
  • November 11 2010

Executive compensation practices that encourage excessive risk taking have been identified by governments and the public as a contributing factor in the recent economic crisis that threatened the global financial system

Senior Supervisors Group issues report on risk management and internal controls

  • Stikeman Elliott LLP
  • -
  • Canada, Global
  • -
  • October 21 2009

The Senior Supervisors Group, consisting of financial supervisors from nine different countries, including the U.S. Securities and Exchange Commission and the Office of the Superintendent of Financial Institutions (Canada), issued a report today (October 21) titled "Risk Management Lessons from the Global Banking Crisis of 2008"