Canada: Financial Sector Assessment Program-Basel Core Principles for Effective Banking Supervision-Detailed Assessment of Observance
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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:
Banking Credit risk Financial institutions Financial regulation and supervision Foreign banks Labor Market risk Operational risk
English
Publication Date:
March 7, 2014
ISBN/ISSN:
9781475523157/1934-7685
Stock No:
1CANEA2014009
Pages:
239
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