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ARTICLE · 18 SEPTEMBER 2012

OSFI Releases Capital Adequacy Requirements Guideline

Osler, Hoskin & Harcourt LLP
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On August 7, 2012, the Office of the Superintendent of Financial Institutions Canada released for comment a revised Capital Adequacy Requirements Guideline.

CanadaFinance and Banking
Osler, Hoskin & Harcourt LLP
Osler, Hoskin & Harcourt LLP
Victoria Graham
Victoria Graham
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On August 7, 2012, the Office of the Superintendent of Financial Institutions Canada (OSFI) released for comment a revised Capital Adequacy Requirements Guideline (the Guideline).  This Guideline applies to banks and federally regulated trust or loan companies and to bank holding companies incorporated or formed under the Bank Act (Canada) (referred to as banks or institutions in this update).  The Guideline is being revised as a result of the Basel Committee on Banking Supervision (the BCBS) reforms to strengthen global capital rules with the goal of promoting a more resilient banking sector, commonly referred to as Basel III.  The comment period ends on September 28, 2012.

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