ACI’s 27th Annual Flagship Conference on Regulatory Compliance for Financial Institutions will take place virtually on November 23 – 24, 2021 (EST). Join regulators and industry peers for a series of in-depth discussions...more
INTRODUCTION - Comme la plupart des Canadiens le savent, le gouvernement fédéral a publié son budget de 2021, intitulé Budget 2021 : Une relance axée sur l’emploi, la croissance et la résilience (le « Budget ») le 19 avril...more
INTRODUCTION - As most Canadians are aware, the federal government released its 2021 budget - Budget 2021: A Recovery Plan for Jobs, Growth and Resilience on April 19, 2021 (Budget). This bulletin will summarize the...more
L’année 2020 a été dominée par un seul événement mondial : la pandémie de COVID-19. La législation et les lignes directrices en matière de réglementation qui s’appliquent aux institutions financières fédérales (les « IFF »)...more
2020 was dominated by a single global event: the COVID-19 pandemic. Regulatory guidance and legislation affecting federally regulated financial institutions (FRFIs) in Canada were no exception. Governments and regulators...more
On October 29, 2018, the federal government introduced Bill C-86, Budget Implementation Act, 2018, No. 2 (Bill C-86), the second omnibus budget bill of 2018. If passed, Bill C-86 will, among other things, amend the Bank Act...more
2017 marked another year of prodigious development of legislation and regulatory guidance impacting federal financial institutions in Canada. The new wave of initiatives in 2017 included the second stage of the...more
Moves Towards Regulatory Modernization - The rapidly evolving nature of banking — and the financial services sector in general — has seen Canada’s Department of Finance make several moves towards modernization. What will...more
The regulation of federally regulated financial institutions (FRFIs) continued intensifying in 2016 with a new wave of legislative and regulatory initiatives impacting mortgage lending, the bank resolution regime, the life...more
The Financial Consumer Agency of Canada (FCAC) recently published the following two documents for comment: Proposed Supervision Framework and Publishing Principles for FCAC Decisions (Consultation). The consultation period...more
Financial institutions in Canada witnessed yet another year of significant growth in legislation and regulatory guidance impacting their operations, while the financial marketplace is continuing to adapt to the impact of...more
2014 was a year replete with new legislative and regulatory initiatives impacting federally regulated financial institutions. The key initiatives introduced or implemented in 2014 are outlined in our annual year in review....more