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OSFI Announces Proposed Revisions to Guideline E-23 on Model Risk Management

USA - May 31 2022 On May 20, 2022, the Office of the Superintendent of Financial Institutions (“OSFI”) released a letter “Proposed Revisions to Guideline E-23 on Model…

Ana Badour, Nancy J. Carroll, Hartley Lefton, Charles S. Morgan

Department of Finance Canada Issues Consultation Paper on Criminal Rate of Interest

Canada - August 15 2022 On August 9th, 2022, the Department of Finance Canada published a consultation paper (the “Paper”) to solicit feedback from stakeholders, various…

Ana Badour, Daanish Pasricha, Shauvik Shah, Lucie Tedesco

IOSCO and CPMI Issue Updated Guidance Related to Systemically Important Stablecoin Arrangements

Canada, Global - August 3 2022 The International Organization of Securities Commissions (“IOSCO”) and the Committee on Payments and Market Infrastructures (“CPMI”) have issued an…

Ana Badour