Every month, law firm Borden Ladner Gervais provides a summary of Canadian federal legislative developments that apply to financial institutions.

In its June roundup, the firm discusses the following items (all are initiatives of the Office of the Superintendent of Financial Institutions):

  • administrative changes to the Late and Erroneous Filing Penalty Framework;
  • the release of draft guidance on Basel III public capital disclosure requirements; and
  • the release of draft guidance on disclosure requirements for internationally active banks.

To check out BLG’s roundup and for links to draft guidance notices, click here.

Also check out:

OSFI releases final Basel III liquidity guidance

OSFI aims to tighten mortgage insurance rules

Bank traders taking too many risks, says Obama

IIROC publishes CDOR code of conduct

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