Canada : Report on the Observance of Standards and Codes

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

February 3, 2014

Electronic Access:

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Summary:

This paper discusses key findings of the Report on the Observance of Standards and Codes for Canada. Canada has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision. In response to the challenges and structure of its market, the Canadian banking supervisor (OSFI) has developed and is a strong proponent of risk-based, proportionate, supervisory practices and applies a “close touch” approach to its supervised entities. The supervisory approach is well structured, forward looking and maintained on as dynamic a basis as possible. Entry to the Canadian market is subject to demanding prudential entry standards.

Series:

Country Report No. 14/30

Subject:

English

Publication Date:

February 3, 2014

ISBN/ISSN:

9781616359492/1934-7685

Stock No:

1CANEA2014004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

67

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