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Wednesday November 25, 2009
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Office of the Superintendent of Financial Institutions News is an EIN News Service for banking industry professionals. Constantly updated news and information about banking.
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Latest Office of the Superintendent of Financial Institutions News

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  • Manulife: Back for more 24 Nov 2009 12:38 GMT
    ... at Canada’s banking and insurance regulator the Office of the Superintendent of Financial Institutions, gave a speech to the Canadian Institute ... said in a note to clients that OSFI suggested the capital requirements for segregated fund ...

  • Manulife: Regulators May Call for More Capital Holdings 24 Nov 2009 16:33 GMT
    ... at Canada’s banking and insurance regulator the Office of the Superintendent of Financial Institutions, gave a speech to the Canadian Institute ... said in a note to clients that OSFI suggested the capital requirements for segregated fund ...

  • Insurance-linked securities (ILS) rebounding from bad press related to asset-backed securities: Swiss Re executive 24 Nov 2009 04:32 GMT
    ... tough sell, Michel Liès, the head of... Canadian and foreign insurers licensed with the Office of the Superintendent of Financial Institutions (OSFI) ... There is a 10% probability that over the next 30 years a magnitude ...

  • How to fix finance: Prem Watsa 24 Nov 2009 22:55 GMT
    ... any track record and no management? In Canada, however, like Britain, regulators like our Office of the Superintendent of Financial Institutions (OSFI) have the Prudent Person Rule. This means you must judge financial prudence or risk ...

  • Higher capital levels required 24 Nov 2009 20:48 GMT
    ... about future capital requirements, are coming. Mr. Guloien is pleased that Canada’s regulator, the Office of the Superintendent of Financial Institutions, decided some time ago to undertake a thorough ...

  • Manulife Exec: Don't Count on Increased Canadian Capital Regulation 24 Nov 2009 22:13 GMT
    ... about future capital requirements, are coming. Mr. Guloien is pleased that Canada’s regulator, the Office of the Superintendent of Financial Institutions, decided some time ago to undertake a thorough ...

  • Kingsway to sell majority stake in Jevco Insurance 24 Nov 2009 05:32 GMT
    ... specialty insurance including automobile, motorcycle, snowmobile and all-terrain vehicles. Subject to approval by the Office of the Superintendent of Financial Institutions, Kingsway is intending to relinquish control of Jevco ...

  • Manulife buys stake in Chinese fund manager 24 Nov 2009 00:47 GMT
    ... Manulife buys stake in Chinese fund manager Last Updated: Monday, November 23, 2009 | 07:56 PM ... and internationally, but “we don’t believe that OSFI will put Canadian lifecos at any disadvantage ...

  • OSFI Q3 figures show losses continue to increase dramatically in auto lines 23 Nov 2009 22:16 GMT
    ... OSFI Q3 figures show losses continue to increase ... Canadian and foreign insurers licensed with the Office of the Superintendent of Financial Institutions (OSFI) continued to take a beating in ...

  • Keeping banks in check 19 Nov 2009 10:31 GMT
    ... banking regulator. Julie Dickson, superintendent of the Office of the Superintendent of Financial Institutions, made the remarks Wednesday during an address ... Capital Markets luncheon in Toronto. While the OSFI is updating its supervisory framework and increasing ...

  • Supervision of financial firms deserves more attention, Dickson says 19 Nov 2009 00:16 GMT
    ... be paid to this area.” For the Office of the Superintendent of Financial Institutions, Dickson said that a high priority is ... industry and [the regulator].” She noted that OSFI is also updating its supervisory framework. “We ...

  • Bank of Montreal Renews Normal Course Issuer Bid 19 Nov 2009 21:44 GMT
    ... Course Issuer Bid (TSX, NYSE: BMO) today announced that the Stock Exchange and the Office of the Superintendent of Financial Institutions (OSFI) have approved BMO's normal course issuer bid to purchase for cancellation up to 15 ...

  • Kingsway intends to dispose of its majority interest in Jevco Insurance Company 23 Nov 2009 20:21 GMT
    ... of companies, which has adversely impacted Jevco's current standing. Subject to approval by the Office of the Superintendent of Financial Institutions ("OSFI"), Kingsway is intending to relinquish control of ...

  • Kingsway relinquishes control of Jevco 23 Nov 2009 22:16 GMT
    ... the day of the announcement, to just under $2. Subject to approval by the Office of the Superintendent of Financial Institutions (OSFI), Kingsway is intending to relinquish control of Jevco and remain a non-influential investor. ...

  • Manulife gets an earful over stock dilution 20 Nov 2009 12:54 GMT
    ... make require approval from the regulator, the Office of the Superintendent of Financial Institutions. "If you're making an acquisition, you better ... have a plan to integrate the systems," OSFI head Julie Dickson said. Investment banks are ...


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