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

 
 
Publication Date: March 07, 2014
 
Electronic Access: Free Full text (PDF file size is 1,233KB).
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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(s): Financial Sector Assessment Program | Insurance regulations | Insurance supervision | Reports on the Observance of Standards and Codes | Canada

 
English
Publication Date: March 07, 2014
ISBN/ISSN: 9781475523652/1934-7685 Format: Paper
Stock No: 1CANEA2014010 Pages: 147
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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