The regulator is starting its review with a sample of boards from federally regulated financial firms of different sizes and business models
The new rules have adopted several changes resulting from the feedback the federal regulator received during the consultation period
The revised rules include measures designed to curb risks in the housing market
But with growing regulation comes higher costs for companies — and small firms, in particular, are likely to struggle with these increasing expenses
Regulator revises FAQs
The planned changes aim to improve how mortgage insurers measure their capital positions and to position them to withstand losses
Planned revisions to the treatment of insured residential mortgages reflect changing risks
The delay will allow banks to focus on implementing certain new accounting standards first
The guide sets out the two phases of that application process and outlines the information that must be submitted in support of an application to the finance minister
Federal regulator releases overview of consultation findings