Tracks financial services regulatory developments and provides insight and commentary
Last week, the Office of the Superintendent of Financial Institutions (OSFI) issued its final guideline on total loss absorbing capacity (TLAC) disclosure requirements for Canadian domestic systemically-important banks (D-SIBs).
The new guideline sets out the format, timing and location of the TLAC disclosure requirements, among other things.
The new…
The Office of the Superintendent of Financial Institutions (OSFI), the federal financial institutions prudential regulator, recently addressed the issue of a cap on issuance of covered bonds which presently stands at 4% of a bank’s total assets.
OSFI is now taking a hard look at this limit and is doing so in the…
Commendably, South Africa’s new Cybercrimes and Cybersecurity Bill proposes that we take a bold step ahead of contemporary laws across Africa and beyond. Pertinently, clause 19(1) of the Bill proscribes the novel concept of cyberlaundering.
Cyberlaundering is the use of a computer to perform or assist an unlawful financial transaction or a relationship involving property…
