OSFI has issued a draft Leverage Requirements Guideline (the Draft Guideline) based on the Basel Committee on Banking Supervision's Basel III
The global financial crisis of 2008 thrust into the spotlight the undercapitalization of many foreign banks. Financial institutions became insolvent
The financial crisis revealed that many financial institutions around the world did not fully appreciate the risks to which they were exposed.
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.
The Basel Committee on Banking Supervision on December 16, 2010 released the final text of the Basel III rules.