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Results:11-20 of 61

OSFI releases draft guidance for pensions considering longevity risk hedging
  • Stikeman Elliott LLP
  • Canada
  • August 29 2013

The Office of the Superintendent of Financial Institutions Canada (OSFI) recently released a draft policy advisory intended to provide guidance to


SCC decision in Re Indalex not good news for cash collateral arrangements
  • Stikeman Elliott LLP
  • Canada
  • February 8 2013

Swaps market participants accepting cash collateral from an entity subject to Ontario provincial pension benefits legislation will want to consider


Canada proposes amendments to CDIC Act and Payment Clearing and Settlement Act to enhance powers to deal with insolvent deposit taking institutions - new temporary stay on EFCs proposed
  • Stikeman Elliott LLP
  • Canada
  • October 19 2012

Where an insured deposit taking institution (and let’s just call it a bank to make things easy) is subject to a receivership order under the Canada Deposit Insurance Corporation Act (CDIC Act) the government can incorporate a bridge bank to take over the good assets and run the bank until it can be sold.


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.


FSB WG reports on role of sec lending and repo in shadow banking markets
  • Stikeman Elliott LLP
  • Canada
  • May 9 2012

On April 27, the Financial Stability Board Workstream on Securities Lending and Repos (WS5) under the FSB Shadow Banking Task Force published an Interim Report documenting WS5’s progress to date.


CMHC and covered bonds: be careful what you wish for
  • Stikeman Elliott LLP
  • Canada
  • April 27 2012

On April 26, 2012, the federal government introduced the Jobs, Growth and Long-Term Prosperity Act, the legislation to implement the March 29, 2012 federal budget. Buried in this legislation (over 420 pages!) are significant changes to both the Canada Mortgage and Housing Corporation and the law in respect of Canadian covered bonds that will have direct and material effects on our mortgage and securitization markets.


Ontario Government announces intention to amend cash collateral law
  • Stikeman Elliott LLP
  • Canada
  • March 27 2012

The Ontario Government released its 2012 budget this afternoon and, in doing so, stated its intention to amend the cash collateral provisions of the Personal Property Securities Act to facilitate the granting of first priority security interests in cash.


CSA release consultation paper on segregation and portability in OTC derivatives clearing
  • Stikeman Elliott LLP
  • Canada
  • February 10 2012

The Canadian Securities Administrators released a consultation paper today intended to build on earlier proposals to construct a framework for the treatment of market participant collateral in centrally cleared OTC derivatives transactions.


Is cash collateral king again in Quebec?
  • Stikeman Elliott LLP
  • Canada
  • November 18 2011

It is currently a challenge in Canada for Canadian entities in the derivatives, securities lending and repurchase space to offer a first priority security interest on cash to their counterparties.


Quebec introduces amendments regarding cash collateral
  • Stikeman Elliott LLP
  • Canada
  • November 11 2011

On November 10, 2011, the Quebec Minister for Finance introduced an amendment to Bill 7 presently before the Committee on Public Finance of the National Assembly which contemplates an amendment to the Derivatives Act (Quebec).