Canada: Financial Sector Assessment Program-IOSCO Objectives and Principles of Securities Regulation-Detailed Assessment of Implementation

IMF Staff Country Reports, March 7, 2014

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Canada: Financial Sector Assessment Program-IOSCO Objectives and Principles of Securities Regulation-Detailed Assessment of Implementation

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Bibliographic details

• Published: March 7, 2014
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781475523850.002

Summary

• This paper presents an assessment IMF report on implementation of the International Organization of Securities Commission (IOSCO) principles in Canada.
• It highlights that developing an integrated and robust view of risks to support supervisory actions remains a key challenge.
• The IMF report suggests that the securities regulators should continue to take steps to ensure timely decision making in policy formulation.
• The current governance arrangements, based on a consensus building approach across several entities, is expected to affect timeliness of decision making.

Major findings and themes

• Developing an integrated and robust view of risks to support supervisory actions is identified as a key challenge.
• Timely decision making in policy formulation requires continued action by securities regulators.
• Governance arrangements are consensus-based across several entities, which the report expects will affect the timeliness of decision making.

Policy recommendations and implications

• Securities regulators should continue to take steps to ensure timely decision making in policy formulation.
• Addressing the challenge of developing an integrated and robust view of risks is necessary to support supervisory actions.

Content in this bundle

• _cr1473 - Introduction and Scope
  • _cr1473 - Introduction and Scope (Markdown version)
  • _cr1473 - Introduction and Scope (PDF)