Osfi copies US CVA charge to protect Canadian banks

two-toy-soldiers-facing-with-copyspace

Canadian regulators have sought to put their banks on an even footing with US rivals by copying the US version of the Basel III charge for derivatives counterparty risk – known as credit valuation adjustment (CVA). The Office of the Superintendent of Financial Institutions (Osfi) had delayed rolling out the CVA charge when it switched to Basel III at the start of this year, because of uncertainty about how both Europe and the US would approach it.

Those rules have since been finalised. European

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: