Winnipeg Free Press By: The Canadian Press Save to Read Later
OTTAWA - The federal banking regulator is rolling back temporary changes it put in place last year to help the country s banks weather the pandemic.
The Bank of Montreal building in Toronto on Tuesday Aug. 29, 2017. THE CANADIAN PRESS/Doug Ives
OTTAWA - The federal banking regulator is rolling back temporary changes it put in place last year to help the country s banks weather the pandemic.
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The Office of the Superintendent of Financial Institutions says now that financial markets have stabilized, the rules regarding market risk capital requirements will also be returned to what they were before the pandemic.
OSFI unwinding temporary rules for banks put in place to help weather the pandemic
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OSFI unwinding temporary rules for banks put in place to help weather the pandemic
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OSFI unwinding temporary rules for banks put in place to help weather the pandemic
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OSFI launches consultations on Basel III implementation and a new tailored approach to capital and liquidity requirements for smaller, less complex banks
OTTAWA, ON, March 11, 2021 /CNW/ - The Office of the Superintendent of Financial Institutions (OSFI) plays an essential role in building and preserving resiliency in Canada s financial system. OSFI s commitment to implementing the international Basel III Framework has strengthened Canadian banks and improved their ability to handle financial shocks, so they can continue to support economic growth while remaining competitive.
Today OSFI launched an industry consultation on proposed regulatory changes to introduce the latest and final round of Basel III reforms into its capital, leverage and related disclosure guidelines for banks. OSFI s proposals are in line with the international standards set by the Basel Committee on Banking Supervision (BCBS), while reflecting the Canadian mark