Canada : Financial Sector Assessment Program-Insurance Core Principles-Detailed Assessment of Observance

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

March 7, 2014

Electronic Access:

Free Full text (PDF file size is 1233 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Detailed Assessment report, a part of the 2013 Financial Sector Assessment Program (FSAP) of Canada, assesses Canada’s regulatory regime and supervisory practices against the international standards. The IMF report suggests that the Office of the Superintendent of Financial Institutions (OSFI) should be empowered to take supervisory measures at the level of the holding company. It highlights that while OSFI requires Federally Regulated Insurers (FRI) FRIs to develop internal capital targets, requirements to develop an Own Risk and Solvency Assessment are scheduled to be implemented in 2014.

Series:

Country Report No. 14/72

Subject:

English

Publication Date:

March 7, 2014

ISBN/ISSN:

9781475523652/1934-7685

Stock No:

1CANEA2014010

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

147

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