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Annual Review Of Federal Financial Institution Legislation - Coronavirus (COVID-19)

In a statement issued by the Superintendent released on July 13, 2020, OSFI signalled a gradual restart of OSFI s policy development work in the fall of 2020. On August 31, 2020, OSFI announced in a series of letters issued to industry that it would unwind certain of the temporary measures put in place at the beginning of the pandemic, including a gradual phaseout of the special capital treatment of loan and insurance premium payment deferrals that was provided to banks and insurers. On December 12, 2020, OSFI announced that the domestic stability buffer would remain at one per cent of total risk-weighted assets, stating that DSB reduction in March continues to be effective and

Human Rights Due Diligence In The Supply Chain: Canada s Advisory On Doing Business With China - Government, Public Sector

Traditionally considered under the purview of voluntary Corporate Social Responsibility ( CSR ), Environmental, Social and Governance ( ESG ) norms or soft law , addressing human rights concerns when doing business abroad is quickly becoming a legal imperative for companies engaged in supply chain management across all industries and sectors, including retail and consumer products, technology, financial services, mining, oil and gas, and manufacturing. Following the recent global regulatory focus on supply chain risks and related compliance strategies, Global Affairs Canada ( GAC ) and the Canadian Trade Commission Service have issued several measures (the Measures ), along with a related advisory (the Advisory ) to Canadian businesses

Canadians look to gain in Vietnam on back of CPTPP

Canadians look to gain in Vietnam on back of CPTPP 14:00 | 14/01/2021 The Comprehensive and Progressive Trans-Pacific Partnership trade agreement has opened new horizons for economic ties between Vietnam and Canada. Behzad Babakhani, consul general of Canada in Ho Chi Minh City shared with VIR’s Thanh Van about the opportunities for the two countries to expand and deepen their economic relationship. What have been the key takeaways regarding Vietnamese and Canadian economic ties after two years of implementation of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP)? Behzad Babakhani, consul general of Canada in Ho Chi Minh City Vietnam has been Canada’s top trading partner in ASEAN since 2015 and we continue to see stronger economic ties each year. Since the implementation of the CPTPP trade deal in 2019, bilateral merchandise trade between Canada and Vietnam reached a new record of C$7.9 billion ($6.15 billion), the sa

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