Timing Of The Federal Regulatory Reforms In Doubt

As reported in our post on April 21^st, the federal budget speech released last April either announced or provided updates on a number of regulatory initiates relating to the federal financial services sector.  These initiatives included:

• A new consumer protection framework for banks and specific targeted consumer protection measures
• A bail-in regime for Domestic Systemically Important Banks (D-SIBs)
• Restrictions on the use of Canada Mortgage and Housing Corporation (CMHC) portfolio insurance and insured mortgages in relation to securitizations
• A review of the rules relating to the confidentiality of supervisory information communicated to banks, insurance companies and other federally regulated institutions and the oversight provided by the various federal agencies that play have a supervisory role