Rapport sur la législation et la réglementation

Rapport sur la législation et la réglementation applicables aux institutions financières fédérales
Le Reporter (publié en anglais seulement) est un sommaire mensuel de l'évolution des
législations et réglementations internationales et fédérales canadiennes qui sont pertinentes
pour les institutions financières de régime fédéral au Canada. Il ne traite pas de l'évolution
législative ou réglementaire des services financiers provinciaux, bien que BLG suive de près
tout changement dans ce secteur et puisse, sur demande, fournir de l'information à ce sujet.
De plus, les modifications de nature purement technique et administrative (comme celles qui
sont apportées aux formulaires de rapport) ne sont pas traitées.
Décembre 2015
Institution
Published
Title and Brief Summary
Status
OSFI
Issued December 29, 2015
Guide for the
Demutualization of Mutual
Property and Casualty
Insurance Companies with
Non-mutual Policyholders
Effective
[Applicable to insurance
companies]
The primary purpose of this
Guide is to promote
awareness and enhance the
transparency of the process
and assessment criteria
relative to the
demutualization of an
MPCC. The Guide
describes the regulatory
requirements relating to the
demutualization of an
MPCC and sets out the
information that must be
provided to OSFI at each
phase of the
demutualization process.
BIS/Basel
Published December 21,
2015
[Applicable to banks]
Guidance on the application Comments should b
of the Core principles for
provided no later th
effective banking
March 31, 2016
supervision to the regulation
and supervision of
institutions relevant to
financial inclusion
The Basel Committee on
Banking Supervision has
issued for public
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consultation proposed
guidance for the regulation
and supervision of
institutions relevant to
financial inclusion.
This consultative document
builds on past work by the
Committee to elaborate
additional guidance in the
application of the
Committee's Core principles
for effective banking
supervision to the
supervision of financial
institutions engaged in
serving the financially
unserved and underserved.
BIS/Basel
Published December 18,
2015
[Applicable to banks]
OSFI
Guidance on credit risk and Effective
accounting for expected
credit losses issued by the
Basel Committee
Comprising 11 principles,
the guidance sets out
supervisory expectations for
banks relating to sound
credit risk practices
associated with
implementing and applying
an expected credit loss
(ECL) accounting
framework. Among these
principles, three provide
guidelines for supervisory
evaluation of credit risk
practices, accounting for
expected credit losses and
the related supervisor's
assessment of a bank's
capital adequacy. The
document is intended to set
out guidelines on
accounting for expected
credit losses regardless of
the applicable accounting
standards.
Issued December 11, 2015
Updating capital
requirements for residential
[Applicable to banks, trust
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n/a
and loan companies and
mortgage insurance
companies]
BIS/Basel
mortgages
OSFI is working on changes
to capital requirements for
residential mortgages. The
anticipated changes will
impact the regulatory capital
requirements for those
deposit-taking institutions
using internal models for
mortgage default risk and
the standardized capital
requirements for Canada's
private mortgage insurers.
The planned changes will
ensure that capital
requirements keep pace
with housing market
developments and reflect
the underlying risks.
Published December 10,
2015
[Applicable to banks]
Revisions to the
Comments should b
Standardised Approach for provided no later th
credit risk: Basel Committee March 11, 2016
issues second consultative
document
The second consultative
document on Revisions to
the Standardised Approach
for credit risk forms part of
the Committee's broader
review of the capital
framework to balance
simplicity and risk
sensitivity, and to promote
comparability by reducing
variability in risk-weighted
assets across banks and
jurisdictions.
Bank of Canada
Issued December 3, 2015
Public Consultation: Policy Comments should b
guidance on the Bank of
provided no later th
Canada's risk-management February 1, 2016
standards for designated
financial market
infrastructures - Standard
24: Recovery Plans
The Bank of Canada
published draft policy
guidance related to its risk-
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management standards for
designated Canadian
financial market
infrastructures (FMIs). The
new guidance published
relates to Standard 24 on
FMI recovery plans.
IAIS
Published December 2,
2015
[Applicable to insurance
companies]
Insurance Core Principles
Revision
Effective November
2015
The IAIS adopted revisions
to the Insurance Core
Principles. Revisions were
adopted to Licensing,
Suitability of Persons,
Corporate Governance,
Risk Management and
Internal Controls, Groupwide Supervision and
Supervisory Cooperation
and Coordination. These
changes were initiated
following conclusion of
comprehensive SelfAssessments and Peer
Reviews (SAPR) of the
related ICPs.
They also take into account
recent developments in
group supervision,
corporate governance and
risk management as well as
principles, standards and
guidance issued by other
standard setting bodies.
Disclaimer
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statement of the law or an opinion on any subject. Although we endeavour to ensure its
accuracy, no one should act upon it without a thorough examination of the law after the facts
of a specific situation are considered.
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