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Bank Czar Resuming Policy Development, Climate Change Review Due in 2021

CANADA
(MNI) OTTAWA
  • "As the number of new cases of COVID-19 slows… we are also now looking ahead and will gradually restart policy development work."
  • "OSFI has developed a Work from Anywhere Strategy that will last until June 2021. This means that for most employees, OSFI will continue to support ongoing telework."
  • "In early 2021, OSFI plans to issue a discussion paper on climate change risks faced by federally regulated financial institutions and private pension plans."
  • "Capital policy work for deposit-taking institutions is resuming with a particular focus on the domestic implementation of the Basel III reform package."
  • See "Pillar" publication.
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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