The Reporter provides a monthly summary of Canadian federal legislative and regulatory developments of relevance to federally regulated financial institutions. It does not address Canadian provincial financial services legislative and regulatory developments, although this information is tracked by BLG and can be provided on request. In addition, purely technical and administrative changes (such as changes to reporting forms) are not covered.
September 2015
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Institution |
Published |
Title and Brief Summary |
Status |
|
Bank of Canada |
The Bank of Canada published summaries of, and responses to, comments received through consultation processes initiated in May 2015 regarding (i) the Bank of Canada's framework for financial market operations and (ii) the Bank of Canada's emergency lending policies. In these documents, the Bank also communicated any related changes being implemented. These documents are: |
Effective October 1, 2015 |
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OSFI [Applicable to banks, cooperative credit associations, trust and loan companies and insurance companies] |
Composite Risk Rating and Assessment Criteria OSFI updated its Financial Assessment Criteria to guide supervisory assessments of an institution's Financial function. These criteria replace the Financial Analysis Assessment Criteria. |
Effective |
|
|
OSFI [Applicable to banks] |
Public Disclosure Requirements for G-SIBs SFI is issuing a revised version of its advisory that assists affected banks with the implementation in Canada of the public disclosure requirements outlined in the Basel Committee on Banking Supervision's document entitled Global systemically important banks: updated assessment methodology and the higher loss absorbency requirement. Affected banks are required to publicly disclose financial year-end data on an annual basis, no later than the date of their Q1 2015 public disclosure of shareholder financial data. |
Effective |
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