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Expansion of OSFI’s Powers to Supervise Non-Financial Risks: Compliance Challenges for FRFIs

Sep 12, 2023

On September 6, 2023, OSFI issued a letter to industry outlining its steps to supervise emerging non-financial risks.

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Remember, Remember, the 1st of November; Navigating the November 1st Deadline in the CDOR Transition and Term CORRA’s Launch

Aug 15, 2023

Navigating the November 1, 2023 Deadline in the CDOR Transition and Term CORRA’s Launch.

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SEC Approves NYSE and NASDAQ Clawback Listing Standards – Assessing the Implications for Canadian Foreign Private Issuers

Aug 2, 2023

On June 9, 2023, the U.S. Securities and Exchange Commission approved the clawback listing standards of the New York Stock Exchange.

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OSFI Calls for Stakeholder Feedback on Regulatory Capital and Liquidity Treatment of Crypto-asset Exposures

Aug 1, 2023

OSFI receiving feedback from banks and insurers about the Guidelines on Regulatory Capital and Liquidity Treatment of Crypto-asset Exposures.

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Stay Ahead Podcast with Merv Allen and Deland Kamanga

Jul 21, 2023

Mervyn Allen, Partner at McMillan and Co-Leader of the firm's Commercial Real Estate Group, sits down with Deland Kamanga, Group Head of Wealth Management at the Bank of Montreal to discuss finance, diversity, and the future of the banking industry.

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Interesting Changes to Interest Rates

Jul 11, 2023

For the first time in over 40 years, Canada is making changes to the criminal interest rate.

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The End of LIBOR: The Grand Finale (or is it?)

Jul 4, 2023

All remaining tenors of USD LIBOR ceased being published on June 30, 2023; synthetic USD LIBOR and the LIBOR Act are available for legacy contracts.

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Canadians’ Awareness of Open Banking is Low – But Does it Matter?

Jun 29, 2023

The results are in: Canadians’ understanding of open banking is low, according to the Financial Consumer Agency of Canada (“FCAC”).

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Why Enforcement on Personal Guarantees Can Be so Challenging for Creditors

Jun 29, 2023

Realizing on real estate to enforce a court award is notoriously hard. A recent Ontario court decision has stymied creditors' efforts to fine-tune the process.