Mondaq Canada: Finance and Banking
A legal guide on the state of the project finance sector in 2013.
Global growth in the second half of 2012 and the first quarter of this year has bumped along, much as anticipated in the Bennett Jones Fall 2012 Economic Outlook.
A summary on the third annual conference organized by the Canadian Securities Lending Association.
Section 427 of the "Bank Act" provides a comprehensive scheme for the giving of security over certain assets from certain types of borrowers.
The "Companies’ Creditors Arrangement Act" is by far the most flexible Canadian law under which a corporation can restructure its business.
The Supreme Court of Canada released its long-awaited decision in "Sun Indalex Finance, LLC v. United Steel Workers".
On February 28, 2013, the Canadian Securities Administrators published amendments to National Instruments 41-101, 44-101, 44-102 and 81-101.
The Office of the Superintendent of Financial Institutions issued the ‘final’ version of its Capital Adequacy Requirements Guideline in response to the reforms adopted by the Basel Committee on Banking Supervision in December 2012.
According to the recently released Ontario budget, personal property security legislation will be amended to make it easier for businesses and financial institutions to provide or obtain first‐priority security interests in cash collateral.
The Canadian Securities Administrators Derivatives Committee recently published Consultation Paper 91-407 Derivatives: Registration, which contains regulatory proposals specific to the implementation of a registration regime for derivatives market participants in Canada.
The government brought into force the remaining provisions of the Forestry Service Providers Protection Act on April 1, 2013.
A discussion on the report recently prepared by the European Commission, which sets out the progress to date made among international regulators with regards to dealing with the extra-territorial aspects OTC derivatives regulation.
Cassels Brock is an active participant in the Equipment Leasing and Finance Association and an annual attendee of its legal forum.
The recently introduced Bill C-60, titled the Economic Action Plan 2013 Act, No. 1, includes amendments which would allow Canadian financial institutions greater flexibility to appoint non-residents as members of board committees.
Last week, the Supreme Court of Canada heard oral argument with respect to the Ontario Court of Appeal decision, Fischer v IG Investment Management Ltd., 2012 ONCA 47, [Fischer].
Consultation Paper 91-407 leaves a number of questions unanswered - it does not establish thresholds for registration as an LDP nor does it provide recommendations for minimum capital, margin or insurance requirements.
On December 6, 2012, the Canadian Securities Administrators OTC Derivatives Committee (the "CSA Committee") published CSA Staff Consultation Paper 91-301, Model Provincial Rules–Derivatives: Product Determination and Trade Repositories and Derivatives Data Reporting.
An ISDA protocol is a multilateral contractual amendment mechanism that allows for various standardized amendments to be deemed to be made to the relevant agreements of any two adhering parties.
Recently, the Canadian Securities Administrators released proposed amendments to National Instrument 81-102 – Mutual Funds.
Capital markets in Canada have followed the trend experienced in global capital markets recently, showing mixed results.
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An ISDA protocol is a multilateral contractual amendment mechanism that allows for various standardized amendments to be deemed to be made to the relevant agreements of any two adhering parties.
Almost two years after the passage of the Dodd-Frank Act, the overhaul of the US derivatives market is rapidly shifting into the implementation phase.
Global financial assets have grown in 2012 to over $225 trillion, but growth has slowed since 2007.
The Canadian government has announced revisions to Canada’s foreign investment guidelines, which are intended to clarify the review process for investments by foreign state-owned enterprises.
Guideline B-20: Residential Mortgage Underwriting Practices and Procedures (the Guideline) sets out the expectations of the Office of the Superintendent of Financial Institutions Canada (OSFI) for prudent residential mortgage underwriting, and is applicable to all federally-regulated financial institutions (FRFIs) that are engaged in residential mortgage underwriting and/or the acquisition of residential mortgage loan assets in Canada.
On March 27, 2013, the Canadian Securities Administrators (CSA) published proposed rule amendments.
On January 6, 2013, the Group of Governors and Heads of Supervision, which oversees the Basel Committee on Banking Supervision, announced it would be amending the Basel III liquidity coverage ratio.
The Office of the Superintendent of Financial Institutions issued the ‘final’ version of its Capital Adequacy Requirements Guideline in response to the reforms adopted by the Basel Committee on Banking Supervision in December 2012.
The Federal government, in line with other states internationally, is considering steps to strengthen the anti-money laundering legislative regime, specifically the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
Since the publication of the Consultation Paper there have been other regulatory developments which are inextricably linked to the CSA's proposals.
