Canada: Financial Sector Assessment Program-Basel Core Principles for Effective Banking Supervision-Detailed Assessment of Observance

March 7, 2014

Preview Citation

Format: Chicago

Canada: Financial Sector Assessment Program-Basel Core Principles for Effective Banking Supervision-Detailed Assessment of Observance, (USA: International Monetary Fund, 2014) accessed December 21, 2024

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.

Subject: Banking, Credit risk, Financial institutions, Financial regulation and supervision, Foreign banks, Labor, Market risk, Operational risk

Keywords: Corporate governance, CR, Credit risk, Credit risk, Foreign banks, Global, Internal audit, ISCR, Market risk, Operational risk, Parent company, Risk appetite, Risk assessment, Risk management, Risk profile, Senior management

Publication Details

Pages:

239
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/071
Stock No:

1CANEA2014009
ISBN:

9781475523157
ISSN:

1934-7685

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