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ARTICLE · 19 MAY 2020

Financial Regulators Expanding Their Reach

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Despite the challenges to the global economy and significant pressures on the financial sector, Canada's financial regulators continue their regulatory work that has not been impacted by COVID-19...

CanadaFinance and Banking
Michael Garellek
Michael Garellek
Olivia Lifman
Olivia Lifman
Emily Dies
Emily Dies
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Despite the challenges to the global economy and significant pressures on the financial sector, Canada's financial regulators continue their regulatory work that has not been impacted by COVID-19 considerations by forging ahead with consultations and expanding their regulatory reach.

Banks and Lending

  1. The FSB provides guidance that will assist central counterparty (CCP) resolution authorities

On May 4, 2020, the FSB published guidance designed to ensure that CCPs do not themselves become a source of systemic risk. It is composed of two parts:

  • Part I of the guidance proposes five steps to guide the authorities in assessing the adequacy of a CCP's financial resources and the potential financial stability implications of their use.

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