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Pursuant to the July 13, 2020 statement from the Office of the Superintendent of Financial Institutions (OSFI), OSFI's policy development...

On April 16, 2010, having addressed credit card disclosure and credit card practices involving consumers in 2009, the federal Department of Finance released its Code of Conduct for the Credit and Debit Card Industry in Canada

The Bank of Canada (the Canadian central bank) announced on April 21, 2009 that it was lowering the "target for the overnight rate", being the interest rate at which major financial institutions borrow and lend one-day or overnight funds among themselves, to 0.25%.

For many years, a number of credit unions across the country have sought the opportunity to operate across provincial borders in order to help increase their footprint and fund strategic growth.

Investors and securities regulators are increasingly paying attention to what public companies are disclosing about their climate change risks and opportunities.

A significant number of class actions certified by Canadian courts in the last few years have targeted financial institutions. Many of these class actions attack fees and other charges, which the plaintiffs allege are hidden from customers, or constitute usury.

The CSA confirms that the introduction of the bail-in regime is not retroactive.

Following on the heels of leave to appeal being denied in IMAX, a second case has been granted leave to pursue secondary market misrepresentation claims under Part XXIII.1 of the Ontario Securities Act ("OSA") and has been certified as a class action for common law and statutory misrepresentation claims: Dobbie v. Arctic Glacier Income Fund.

The new Ontario Limitations Act, 2002 (the Act), which came into effect in January 2004, reduces the limitation period for actions from six years to two years, subject only to specific exceptions.

Social and economic reasons for growth of Islamic finance considered, as well as challenges ahead in burgeoning sector of financial services.

The New Year brings us further amendments to the Securities legislation and regulations. This newsletter will review certain amendments to NI 51-102 as it pertains to forward-looking information and the use of future-oriented financial information in the continuous disclosure documents of reporting issuers.

Working capital adjustments were originally designed to ensure that enough cash remains in an acquired business to allow it to operate in the ordinary course post-closing without requiring a capital infusion by the new parent or shareholder(s), or to compensate the purchaser or vendor in the event that there is too little or too much cash, respectively, in comparison with what is needed to support the business' ordinary course operations.

On February 4, 2011, the Canadian regulatory authority that supervises bank holding companies, banks and other deposit-taking institutions (OSFI ) issued an Advisory that clarifies OSFI ’s expectations with respect to rights of redemption under so-called regulatory event clauses governing certain capital instruments of bank holding companies, banks, and federally regulated trust and loan companies (collectively, DTIs), and provided guidance as to the phase-out schedule for recognition of capital

On August 22, 2024, the Office of the Superintendent of Financial Institutions ("OSFI") completed its first quarterly release of guidance providing the following updates on policy initiatives previously described...

On October 15, 2024, the Office of the Superintendent of Financial Institutions (OSFI) published its annual report for the fiscal year from April 1, 2023 to March 31, 2024 (the "Annual Report")...

On December 5, 2019, the Office of the Superintendent of Financial Institutions (OSFI) released the final version of the updated Guideline B-6: Liquidity Principles (Guideline).

In our previous articles on the Regulation of Credit Default Swaps, published on September 26, 2008 and November 28, 2008, we described how regulators in the United States and Canada were addressing the issues of systemic risk and the instability of the financial system attributed to credit default swaps in the aftermath of the financial credit crisis that started in the summer of 2007.

In the early days of the COVID-19 pandemic, uncertainty and volatility ran rampant in the world, including in its financial markets.