Page 3 - Ben Gully News Today : Breaking News, Live Updates & Top Stories | Vimarsana
SPOC Grid Inverter Technologies, Inc , Names Dr Ben Gully as Chief Technologist
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OSFI finalizes its Guideline on Foreign Entities Operating in Canada on a Branch Basis
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OSFI consults on bank capital rule reforms | Investment Executive
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Canada’s 2050 Net-Zero Climate Goal Means Big Spending and Risks, Say Industry, Analysts
Banks’ lending to oil and gas sector under scrutiny due to climate change risks
News Analysis
As oil and gas investment faces growing scrutiny worldwide, Canada is seen as being particularly vulnerable in its transition to a lower carbon footprint. Nevertheless, its industry says it still has a vital role to play as investments appear likely to start shifting away from new fossil fuel projects in favour of research and innovation targeted at cutting emissions.
“CAPP encourages any groups who are redefining their investment portfolios to consider that investment in Canadian energy is a sustainable choice,” said Tim McMillan, president and CEO of Canadian Association of Petroleum Producers (CAPP) in an email to The Epoch Times.
James Langton
Amid calmer markets, the Office of the Superintendent of Financial Institutions (OSFI) is unwinding regulatory relief that was introduced in response to the disruption caused by the onset of the Covid-19 pandemic.
OSFI said that adjustments to the market risk capital requirements for banks that were adopted last spring to bolster their financial and operational resilience will now be unwound on May 1.
The relief introduced in response to the pandemic included a reduction in the stressed value at risk (SVaR) multiplier, which ensures that adequate capital is held against periods of market stress.
At the start of the pandemic, the banks were allowed to reduce the multipliers due to the increased volatility in capital markets. The adjustment was intended to allow banks greater flexibility in addressing the stressed market conditions.