Canada: Report on the Observance of Standards and Codes

February 3, 2014

Preview Citation

Format: Chicago

Canada: Report on the Observance of Standards and Codes, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This paper discusses key findings of the Report on the Observance of Standards and Codes for Canada. Canada has a very high level of compliance with the Basel Core Principles for Effective Banking Supervision. In response to the challenges and structure of its market, the Canadian banking supervisor (OSFI) has developed and is a strong proponent of risk-based, proportionate, supervisory practices and applies a “close touch” approach to its supervised entities. The supervisory approach is well structured, forward looking and maintained on as dynamic a basis as possible. Entry to the Canadian market is subject to demanding prudential entry standards.

Subject: Banking, Basel Core Principles, Financial institutions, Financial regulation and supervision, Insurance, Insurance companies, Legal support in revenue administration, Revenue administration, Securities

Keywords: Basel Core Principles, CR, Due diligence, Financial market, Global, Hedge fund, Holding company, Insurance, Insurance companies, ISCR, Legal support in revenue administration, OSFI supervisor, Risk management, Securities, Securities regulator

Publication Details

Pages:

67
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2014/030
Stock No:

1CANEA2014004
ISBN:

9781616359492
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports