3 options
Canada : Financial Sector Assessment Program-Insurance Core Principles-Detailed Assessment of Observance.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund. Monetary and Capital Markets Department.
- Series:
- IMF Staff Country Reports; Country Report ; No. 2014/072
- IMF Staff Country Reports
- Language:
- English
- Subjects (All):
- International Monetary Fund--Canada.
- International Monetary Fund.
- Economic development--Canada.
- Economic development.
- Finance--Developing countries--Evaluation.
- Finance.
- International finance--Canada.
- International finance.
- Physical Description:
- 1 online resource (148 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2014.
- Language Note:
- English
- Summary:
- 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.
- Contents:
- Cover; Contents; Acronyms; EXECUTIVE SUMMARY; ASSESSMENT OF INSURANCE CORE PRINCIPLES; A. Introduction and Scope; B. Information and Methodology Used for Assessment; C. Overview-Institutional and Macroprudential Setting; TABLES; 1. Insurance Market Structure as at end-2012; 2. Composition of Assets-L&H FRIs (Legal Entities); 3. Composition of Assets-P&C FRIs (Legal Entities); 4. Trend in Technical Provisions-L&H FRIs; 5. Trend in Technical Provisions-P&C FRIs; 6. Gross Premiums by Major Lines of Business in 2012-L&H FRIs; 7. Premiums by Major lines of business in 2012-P&C FRIs
- 8. Solvency Position of FRIsD. Preconditions for Effective Insurance Supervision; 9. Summary of Compliance with the ICPs; E. Recommendations and Authorities' Response; 10. Summary of Observance Level; 11. Recommendations to Improve Observance of the ICPs; DETAILED ASSESSMENT; 12. Detailed Assessment of Observance of the ICPs
- Notes:
- Description based upon print version of record.
- Description based on online resource; title from PDF cover (ebrary, viewed May 1, 2014).
- ISBN:
- 9781484332603
- 1484332601
- 9781475523805
- 1475523807
- 9781484332627
- 1484332628
- OCLC:
- 878263385
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.