Regulation Matters

A webinar series for financial services professionals

PwC is pleased to host a series of interactive webinars: Regulation Matters for financial services professionals who are dealing with today's growing body of diverse and complex regulations.

Each webinar in our Regulation Matters series will spotlight the latest regulatory updates to help you adapt through this fast-paced and ever-changing environment. At the end of each webinar, we will leave time to answer your specific questions. Beyond the webinar series, we will always be happy to continue the conversation with you.

Attendees for each session are eligible to receive one CPD credit per session.

January 28, 2015 — Winter 2015 Session

Speakers Marc Buklis, Sydney Richardson and Jonathan Riva discussed:

  • Risk Reporting and Data Aggregation
    A discussion on Risk Reporting and Data Aggregation in the Financial Services sector, including a brief introduction of the Basel Committee for Banking Supervision (BCBS) 239 Principles for Risk Reporting and Data Aggregation. OSFI has mandated that the Canadian D-SIBs (7) be compliant with the BCBS 239 Principles by December 2016.
  • 2015 Minimum Capital Test (MCT) Guideline
    A discussion of the significant changes to the MCT guideline effective on January 1, 2015 for all P&C insurers and foreign branches. The changes to the guideline are significant to some P&C insurers, but not to others. This discussion will highlight how the changes will impact your regulatory capital and which types of insurers will experience the biggest impact.
  • OSFI/Basel leverage ratio
    A review of the OSFI guidance and disclosure requirements on the Basel III Leverage Ratio framework, finalized in November 2014, including guidance and implementation challenges. The framework provides a transparent, non-risk based leverage ratio to supplement current risk-based capital measures and Pillar 3 Disclosure Requirements. OSFI regulated banks will need to provide this disclosure and related explanations in 2015.

Did you miss this webinar? A copy of the presentation is available for download.

October 30, 2014 — Fall 2014 session

Speakers Marc Buklis, Leigh Chalmers and Ryan Leopold discussed:

  • OSFI Liquidity Rules
    A brief introduction to the new OSFI regulations in January 2015, including an overview of issues involved in implementation of the calculation and reporting of the new metrics. As well as integration of new regulatory standards into liquidity and balance sheet management and decision making.
  • IFRS 9 Financial Instruments
    A review of the final standard released in July 2014 with a focus on classification and measurement, as well as the new Expected Credit Loss Impairment model.
  • IFRS 4 — Accounting for insurance contracts
    A discussion of the tentative conclusions made by the Board on the IFRS 4 Exposure Draft released in 2013. As the Board continues to re-deliberate and make decisions, this quick update will allow you to stay abreast of a standard that may have significant impact on your business. After almost 20 years could this standard really be close to final?

Did you miss this webinar?  You can watch a recording of it here.

June 11, 2014 — Summer 2014 session

Speakers Petrina Dolby, Barb Elliott, Marco Fillion and Rani Turna discussed:

  • Client Relationship Management (CRM) II
    The aim of CRM is to enhance investor protection in Canada through improved relationship disclosure, conflict management, and suitability and account performance reporting. Phase 2, known as CRM II, is focused on enriching investors' understanding of the cost and performance of their investments. We will provide an overview of this regulation and its implications.
  • Banking Banana Skins 2014 — Inching towards recovery
    A review of the results from Banking Banana Skins 2014 — a unique report that provides insight into the changing risk factors facing the global banking industry.
  • IFRS 4 Phase II — Accounting for insurance contracts
    Developments and decisions from the IASB since the release of their exposure draft in June 2013.

Did you miss this webinar?  You can watch a recording of it here.

April 9, 2014 — Spring 2014 session

Jason Boggs, Marco Fillion and Rani Turna discussed:

  • Derivatives Trade Repositories and Reporting
    • Exploring compliance with OSC Rule 91-507
  • OSFI Guidelines
    • What's new in the regulatory landscape?
  • Insurance regulatory head winds
    • IFRS 4 - ORSA - New Solvency Regime: A convergence of regulatory forces

Did you miss this webinar? You can watch a recording of it here.

January 15, 2014 — Winter 2014 session

Speakers Leigh Chalmers, Ryan Leopold and Brent Murray discussed:

  • Indirect Tax
    • Inter-provincial GST/HST issues for financial institutions (SLFI Rules): An overview of the "special attribution method" for selected listed financial institutions and the net tax adjustment measures
    • GST/HST self-assessment rules for imported taxable supplies and expanded rules for financial institutions
  • IFRS 9
    • Will this standard ever be finalized?
  • IFRS 4
    • What we are hearing from the insurance industry(Canadian and internationally) and OSFI?
    • Comments from the IASB at their outreach forum

Did you miss this webinar? You can watch a recording of it here.

October 24, 2013 — Fall 2013 session

Speakers Leigh Chalmers, Tony Pedari and Rani Turna discuss:

  • Operational risk - An update on the risk landscape
  • IFRS 4 - The IASB's exposure draft on accounting for insurance contracts
  • Sarbanes-Oxley Act (SOX) - What's new? An update on compliance in Canada

Did you miss this webinar? You can watch a recording of it here.

June 25, 2013 — Summer 2013 session

Speakers Marco Fillion, Frank Martens, Robin Taylor and Rani Turna discuss:

  • OSFI Guidelines - Exploring the regulatory landscape through risk culture and internal audit
  • Own Risk and Solvency Assessment (ORSA) - OSFI's draft guideline E-19: what does it mean to insurers?
  • COSO (Committee of Sponsoring Organizations of the Treadway Commission) - Update on the Internal Controls Framework: 2013

Did you miss this webinar? You can watch a recording of it here.

April 16, 2013 — Spring 2013 session

Speakers John Martin del Campo, Ryan Leopold, Paula Pereira and Rani Turna discuss:

  • IFRS - Summary of changes from the IASB's exposure draft on new loan loss accounting rules (IFRS 9 Impairment of Financial Assets)
  • Anti-Money Laundering - Update on new regulations amending Canadian Anti-Money Laundering legislation
  • FATCA - Update on FATCA regulatory landscape and managing compliance risk through an effective FATCA governance model and controls framework

Did you miss this webinar? You can watch a recording of it here.

January 22, 2013 — Winter 2013 session

Speakers Jason Boggs, Salim Hasham, Ryan Leopold and Rani Turna discuss:

  • IFRS - The latest developments and exposure drafts
  • Enhanced Disclosure Task Force – an overview of content and implementation considerations and examples
  • OSFI Guidelines – The current landscape and emerging operational risk issues, such as cyber crime, and how to prepare

Did you miss this webinar? You can watch a recording of it here.