Op risk in Canada: a recipe for success

Oh, Canada

Maple leaf

Canadian regulator the Office of the Superintendent of Financial Institutions (Osfi) recently issued a list of 16 reasons why the banks of the country fared better in the financial crisis than banks in other advanced financial markets. Chief among the reasons were the strength of the country’s regulatory environment, the range of products its banks offered and the overall culture of the Canadian market.

The Canadian regulatory environment is divided between various authorities: Canada’s central

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