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More mortgage red tape could hurt homebuyers in many ways
Appeared in the Vancouver Sun, October 13, 2017 Amid widespread concern about housing affordability in Vancouver and across Canada, the Office of the Superintendent of Financial Institutions (OSFI), the country’s safety and soundness financial regulator, ...
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Uninsured Mortgage Regulation: From Corporate Governance to Prescription
The Office of the Superintendent of Financial Institutions (OSFI) is proposing amendments to its guideline on residential mortgages including a requirement to stress test individual uninsured loans against a 200 basis point increase in interest ...
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Ontario's taxpayers should not be on the hook for private pension liabilities
Appeared in the Woodstock Sentinel-Review and Westend Weekly Of the 362 recommendations contained in recent report tabled by Don Drummond and the Ontario Fiscal Reform Commission, one that slipped under the radar was the notion of scraping Ontarios ...
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RIM and the separate CEO myth
Appeared in the Financial Post As part of the change in leadership at Research In Motion Ltd., the positions of CEO and board chair have been separated. Hopefully, this change was done for the right reasons. A hasty separation of the dual CEO and board ...
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Financial Regulatory Disclosure- Embracing New Communications Channels
Canadian financial regulators have introduced a new disclosure document for mutual and segregated funds called?Fund Facts.? The document is intended to provide investors with information in a simple, accessible, and comparable format. However, the ...
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PRPPs defeated by compliance costs
Appeared in the Financial Post The federal government's recent introduction of legislation to enable Pooled Registered Pension Plans (PRPPs) drew the expected responses from interested parties. The financial industry expressed support, while labour ...
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Hail speculators; Leaders denounce them, but they make hedging possible
Appeared in the Financial Post The war on speculators is in high gear in both Europe and the United States, driven by ignorance and populist sentiment. French President Nicolas Sarkozy exemplifies the negative attitude toward speculators that is ...
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Lack of competition means B.C. drivers forced to pay high auto insurance rates
Appeared in the Coquitlam Now If the B.C. government is looking for a policy issue thats sure to be a winner with voters, it need look no further than the issue of the provinces high auto insurance rates. Contrary to the myth promoted by public auto ...
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The Personal Cost and Affordability of Auto Insurance in Canada: 2011 Edition
This study compares the average cost and affordability of personal passenger automobile insurance premiums in each of the 10 Canadian provinces from 2007 to 2009. Four provinces have government-owned monopolies that sell insurance coverage to drivers. The ...
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U.K. ring-fences bad bank policy
Appeared in the Financial Post After her presentation to the Economic Club in Toronto Monday, Julie Dickson, the Superintendent of Financial Institutions, faced one key issue in questions from the audience: Do bank regulatory reforms in foreign ...