Banking Regulation 2019
Banks in Canada have been continuously recognized as amongst the soundest and safest across the globe. Notwithstanding, the global financial crisis has led to a series of significant regulatory changes (most notably in the areas of liquidity and capital) designed to reduce the risk of another global financial crisis occurring, to which Canadian banks are already or will become subject, to ensure that they will continue to be well positioned for any risks going forward.
Banking Regulation 2019 covers key topics including regulatory architecture, themes and developments, bank capital requirements, bank governance/internal controls, Fintech, rules governing banks’ relationships with their customers and other third parties in 28 jurisdictions.
Access the Canadian Chapter of Global Insights on Banking Regulation 2019.
Canadian chapter reproduced with kind permission from Global Legal Group Ltd.
Insights (5 Posts)View More
A Shopping Cart of Competition Law Changes
The Government announced amendments to the Competition Act as part of its announcement regarding combatting escalating grocery prices.
CRA Audit Requirements: Can a Taxpayer Contest Unreasonable Deadlines?
When the CRA demands information or documents within an unreasonable period, what options are available? A recent decision of the FCA offers some guidance.
Deadline for Federally Regulated Employers to Provide Existing Employees with Employment Statements Fast Approaching
Amendments to the Canada Labour Code require federally regulated employers to provide existing employees with employment statements by October 7, 2023.
New “Safety Index” for Heavy Vehicles to Be Developed by Quebec
The Quebec Standards Bureau is set to develop and publish by November 2024 a safety index for heavy vehicles to protect vulnerable road users.
Expansion of OSFI’s Powers to Supervise Non-Financial Risks: Compliance Challenges for FRFIs
On September 6, 2023, OSFI issued a letter to industry outlining its steps to supervise emerging non-financial risks.
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