Canada Financial Sector Assessment Program-Insurance Core Principles-Detailed Assessment of Observance

This Detailed Assessment report, a part of the 2013 Financial Sector Assessment Program (FSAP) of Canada, assesses Canada’s regulatory regime and supervisory practices against the international standards. The IMF report suggests that the Office of the Superintendent of Financial Institutions (OSFI)...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Canada 
653 |a Insurance companies 
653 |a Revenue administration 
653 |a Institutional Investors 
653 |a Asset requirements 
653 |a Pension Funds 
653 |a Capital adequacy requirements 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Corporate Finance and Governance: Government Policy and Regulation 
653 |a Industries: Financial Services 
653 |a Financial institutions 
653 |a Financial Instruments 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Economic sectors 
653 |a Legal support in revenue administration 
653 |a Non-bank Financial Institutions 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Banks and Banking 
653 |a Corporate Governance 
653 |a Financial regulation and supervision 
653 |a Role & responsibilities of boards & directors 
653 |a Actuarial Studies 
653 |a Public Finance 
653 |a Financial services law & regulation 
653 |a Corporate governance 
653 |a Insurance Companies 
653 |a Revenue 
653 |a Insurance 
653 |a Insurance & actuarial studies 
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520 |a This Detailed Assessment report, a part of the 2013 Financial Sector Assessment Program (FSAP) of Canada, assesses Canada’s regulatory regime and supervisory practices against the international standards. The IMF report suggests that the Office of the Superintendent of Financial Institutions (OSFI) should be empowered to take supervisory measures at the level of the holding company. It highlights that while OSFI requires Federally Regulated Insurers (FRI) FRIs to develop internal capital targets, requirements to develop an Own Risk and Solvency Assessment are scheduled to be implemented in 2014