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Canadian Financial Institutions Regulator Releases Final Guideline Applicable To Foreign Banks And Insurers In Canada With Compliance Required By January 2022 - Corporate/Commercial Law

that branches must prepare and maintain regarding their business
in Canada (the
Canadian Records ).
OSFI expects the Canadian Records to be updated and
accurate as at the end of each business day,
and that the Canadian Records will be sufficiently detailed to
enable:
OSFI to conduct an examination and inquiry into the
branch s business;
OSFI to manage the branch s assets, prior to the
appointment of a liquidator, should the Superintendent take control
of the branch s assets in Canada; and
The liquidator to conduct an effective liquidation of the
branch s assets in Canada.
Guideline E-4 specifies that, where any of the Canadian Records ....

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Is the Bank of Canada's new boss living up to his climate change credentials?

The Globe and Mail
CAMERON FRENCH
Published February 10, 2021
Sean Kilpatrick/The Canadian Press
When Tiff Macklem took over as Bank of Canada governor in June he brought the requisite credentials in government and academia, including a past stint as deputy governor of the central bank.
But more important to some are his ‘green’ credentials, particularly his chairing of the federal Expert Panel on Sustainable Finance, which in 2019 recommended Canadian financial institutions revamp their business practices to address the challenges of climate change.
Nine months into the job, and despite the dominance the pandemic is having on the economic agenda, there are signs that the hoped-for sustainability shift is happening at the Bank of Canada. ....

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