The Canadian Securities Transition Office should develop draft arrangements for the sharing of stability analysis among the CMRA, the Bank of Canada, OSFI
, and key provincial market regulators who are not part of the cooperative capital markets initiative, and should publish these for comment.
In June, however, the OSFI
said it issued the advisory because there has been an increased use of the B-words by non-bank financial service providers.
In addition, in 2013 it was determined that RBC is subject to comprehensive supervision on a consolidated basis by OSFI
15) In June 2012, OSFI
issued Guideline B-20, which outlines fundamental principles that federally regulated lenders are expected to follow for their mortgage-underwriting activities.
uses a transparent principles-based supervisory approach Its framework articulates objectives and leans on bank management to implement their standards and be accountable to them, proving compliance.
125) In addition, the special incorporation statutes give OSFI
the power to disqualify, suspend or remove directors and officers of financial institutions.
Notably, in Basel III, a new leverage regulatory ratio is to be introduced for Tier I capital, which would be similar to the one already imposed by OSFI
, and new guidelines that OSFI
proposed, to stave off an
also monitors trends and emerging risks in the financial sector through a variety of means including the maintenance of research programs.
Hardware: PC running Linux, Solaris, IRIS, or OSFI
In January of this year, OSFI
released Guideline B-10 to regulate the outsourcing of business functions by banks and other federally regulated financial institutions, including foreign bank branches.
(comprised of Ancor, Brocade, Gadzoox, McDATA, and Vixel) has been working to develop a single standard that defines heterogeneous switching among multiple vendors' products.