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Carolyn Rogers appointed as Senior Deputy Governor of the Bank of Canada FOR IMMEDIATE RELEASE July 12, 2021 The Board of Directors of the Bank of Canada today announced that Carolyn Rogers has been appointed Senior Deputy Governor for a seven-year term, effective December 15, 2021. The selection was made by the independent members of the Bank’s Board and was approved by the federal Cabinet. Ms. Rogers succeeds Carolyn A. Wilkins, who resigned from the Bank on December 9, 2020. As Senior Deputy Governor, Ms. Rogers will oversee the Bank’s strategic planning and operations, and provide leadership to the Bank’s role in promoting a stable and efficient financial system. As a member of the Bank’s Governing Council, she will share responsibility for the conduct of monetary policy. She will also be a member of the Bank’s Board of Directors. ....
Staff The Canadian Insurance Services Regulatory Organizations (CISRO) are consulting on proposed principles of conduct to help ensure customers are treated fairly. The proposed Principles of Conduct for Intermediaries reflect minimum regulatory conduct standards that are common across the country, and are intended to complement the fair treatment of customers guidance (FTC guidance) from CISRO and the Canadian Council of Insurance Regulators. The proposed principles also align with the International Association of Insurance Supervisors’ insurance core principles. Examples of professional behaviour included in CISRO’s proposal are placing customers’ interests first, managing and disclosing conflicts, and providing accurate advice based on complete information. ....
To print this article, all you need is to be registered or login on Mondaq.com. In January 2021, the Canadian Council of Insurance Regulators (CCIR) released a paper outlining a number of issues to address as connected and autonomous vehicles (CAVs) become increasingly prevalent in the automobile sector. The CCIR s paper contains the results of a small-scale survey conducted across several government and industry associations. The survey indicates that most respondents acknowledge that CAVs will have a significant impact on automobile insurance. A majority also agreed that CAVs posed at least some risk to the industry. However, only half of survey respondents felt ....