OSFI explains Balance Sheet Exposure on Capital Adequacy Requirements – Good for banks

Canadian banks – at present do not have a fixed capital ratio requirement. What they have is a mixed bag of guidelines imposed by OSFI. Since the last balance sheet meltdown, various BASEL committees were set up and they came up with ideas to regulate financial institutions

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Mortgage rule tightening on its way again

Extended amortizations like 30 and 35 years will soon be on the chopping block of the policy makers. These mortgages are not insured by the government but the regulators are still worrying about them. All the recent actions taken by the government are generally targeted for the

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New Mortgage rule is in effect from today

Government of Canada’s new sets of mortgage rules is implemented on March 18, 2011. Maximum amortization period is now 30 years from 35 years for new government-backed insured mortgages with loan-to-value ratios of more than 80 per cent. The maximum amount Canadians can borrow in refinancing their

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