WebApr 11, 2024 · This announcement follows on the consultation to amend the criminal rate of interest under the Code, which we previously reported on in our article, ... (OSFI) mandate to to include supervising federally regulated financial institutions (FRFIs) in order to determine whether they have adequate policies and procedures to protect themselves ... WebAug 5, 2024 · On June 22, 2024, the Office of the Superintendent of Financial Institutions (OSFI) announced it expects federally regulated financial institutions (FRFIs) to stop using USD LIBOR as a reference rate as soon as possible and that FRFIs should not enter into transactions using USD LIBOR as a reference rate beyond December 31, 2024.
Regulator gives Canadian banks OK to raise dividends, boost
WebMar 31, 2024 · The announcement on March 30, 2024, addresses the capital treatment of government programs to support COVID-19 efforts. This bulletin considers the changes … WebMar 15, 2024 · In an announcement on Wednesday, OSFI said the process is intended to “facilitate an orderly transition of the Canadian branch of Silicon Valley Bank to the [U.S. Federal Deposit Insurance Corporation] Bridge Bank.” ... OSFI said the bank’s Canadian business is mainly focused on lending to corporate clients and “does not hold any ... fox news veterans day program
OSFI Announces Further Actions in Response to COVID-19
WebNov 2, 2024 · Canada’s banking regulator is going to provide an update this week that could be music to the ears of investors. The Office of the Superintendent of Financial … WebMar 7, 2024 · Following a public consultation that generated a massive response (over 4,300 submissions), the Office of the Superintendent of Financial Institutions (OSFI) issued new principles-based guidance that sets the regulator’s initial expectations for federally-regulated banks and insurers to address climate-related risks to their businesses. WebApr 14, 2024 · The consultation period on the proposed adjustments to the regulator’s guidelines, known as B-20, ends Friday, and OSFI is planning to release a report on the … blackwell ford michigan