Canada: Financial Sector Assessment Program-Basel Core Principles for Effective Banking Supervision-Detailed Assessment of Observance

Publication Date:

March 7, 2014

Electronic Access:

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Summary:

This paper focuses on the IMF report on detailed assessment of observance of Basel Core Principles (BCP) for effective banking supervision in Canada. The Canadian banking supervisor (OSFI) adopts a close and cooperative approach that supports the close network of federal authorities in identifying and seeking to mitigate prudential risks to the federal system. As a world-leading regulator, OSFI could be expected to issue a comprehensive suite of risk management standards to be available to all banks, even if at a relatively high level or based largely on Basel Committee for Banking Supervision guidance.

Series:

Country Report No. 2014/071

Subject:

English

Publication Date:

March 7, 2014

ISBN/ISSN:

9781475523157/1934-7685

Stock No:

1CANEA2014009

Pages:

239

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