OSFI seeks comment on final Basel III reforms
James Langton Federal banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), is seeking feedback on its approach to implementing the Basel Committee’s final post-financial crisis reforms in Canada. OSFI launched a consultation on measures to implement the remaining features of the latest edition of the global capital adequacy regime, known as Basel III — which includes capital, liquidity, leverage and disclosure requirements — that was developed in response to the global financial crisis. Among other things, the remaining reforms aim to improve risk-weight...